Archive for October 4th, 2012

Central Bank Watch

ECB Policy Left Unchanged after October Governing Council Meeting

October 4, 2012

Neither interest rates not unconventional measures were modified at this month’s policy meeting of the ECB Governing Council.  There was no mention of a new LTRO, nor did officials tweak collateral rules or adjust any other terms of existing unconventional measures.  The big initiative from the August and September meetings had been Outright Monetary Transactions, […] More

Central Bank Watch

Bank of England in Wait and See Mode as Expected

October 4, 2012

The Monetary Policy Committee decided not to change the GBP 375 billion size of its Asset Purchase Plan.  An announced increase at its July meeting of GBP 50 billion will not be fully implemented until next month.  A statement on the Bank of England web site gives no information about the committee’s latest views and […] More

New Overnight Developments Abroad - Daily Update

The Morning After in America… Central Bank Focus in Europe

October 4, 2012

Mitt Romney won the presidential debate last night by a wide margin.  He was quicker on his feet and able to define the choice for voters on Republican terms.  Now we await opinion polls to see how far the debate shifted voter preferences.  A second vote of confidence or no confidence will be cast by […] More

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