Archive for June 4th, 2013

Central Bank Watch

Reserve Bank of Australia Leaves 2.75% Official Cash Rate

June 4, 2013

The released statement after this month’s Board meeting of the RBA called credit demand subdued and the Aussie dollar still high but did not add to the 200 basis points of ease since November 2011 including a cut of 25 basis points at the prior meeting in May.  Instead, the “Board judged that the easier […] More

New Overnight Developments Abroad - Daily Update

Market Tone Aided by Some Supportive Data

June 4, 2013

Data released by the Bank of Japan reflect this quarter’s intensifying monetary easing. The central bank balance sheet had expanded to JPY 184.3 trillion by end-May from JPY 174.7 trillion at end-April and JPY 164.3 trillion at end-March. On-year growth in Japan’s monetary base (MB) accelerated to 31.6% in May from 23.1% in April, 15.2% […] More