Central Bank Watch
Icelandic Monetary Policy Tightened
November 14, 2012
A further 25-basis point increase in Sedlabanki’s key interest rates — including the 7-day collateralized lending rate to 6.0% — represents the latest step in a rate normalization process that began fifteen months ago and has so far been administered in six steps. The fifth move was also by 25 basis points and occurred in […] More
New Overnight Developments Abroad - Daily Update
Some Tellingly Soggy Data Results
November 14, 2012
Industrial production in the euro area slumped 2.5% on month in September. Output was 1.3% than the average 3Q12 level and 2.3% weaker than a year earlier. British labor statistics suggest more softness. The claimant unemployment count jumped 10.1K in October, its biggest monthly rise in 13 months. Average weekly earnings growth in 3Q of […] More
