Archive for January 28th, 2013

Central Bank Watch

Bank of the Republic of Colombia — Rate Cut Review

January 28, 2013

Colombia’s central bank intervention interest rate was cut for a third straight time and the fifth time in seven months.  The rate is now at 4.0%, down from 5.25% from February 2012 through July 2012.  The rate had previously been raised from 3.0% prior to February 2011.  The current easing trend has happened against the […] More

Central Bank Watch

Bank of Israel: No Policy Change after January Meeting

January 28, 2013

Monetary policymakers did not change policy this month but released a statement that was ambivalent about the next change either as to direction or timing.  Analysts were somewhat surprised when the Monetary Policy Committee cut their benchmark interest rate by 25 basis points to 1.75% in December.  That was the fourth such reduction of 2012 […] More

New Overnight Developments Abroad - Daily Update

Abe Government’s Yen Policy Criticized

January 28, 2013

Japan has drawn a wide range of foreign criticism from South Korea to the ECB for encouraging a weak yen.  Fresh lows of 91.27 per dollar and 122.94 per euro were touched overnight, but on balance Japan’s currency has edged up 0.1% against the U.S. currency from Friday’s closing level.  A risk exists that next […] More

css.php