Archive for August 21st, 2013

Central Bank Watch

Bank of Iceland Keeps 7-Day Lending Rate at 6.0%

August 21, 2013

A released statement from Iceland’s Monetary Policy Committee following today’s fifth policy meeting of 2013 made no changes to the final paragraph including the sentence on forward interest rate guidance. The degree to which such normalization takes place through changes in nominal Central Bank rates will depend on future inflation developments, which in turn will […] More

Central Bank Watch

No Rate Change from the Bank of Thailand

August 21, 2013

Monetary officials in Thailand had already sliced their policy rate four times, each by 25 basis points, from 3.5% prior to November 2011 to the current level of 2.5% since May 2013.  2.5% was retained after today’s meeting, although one of the seven policymakers preferred a 25-bp cut as a precautionary gesture to ensure continuous […] More

New Overnight Developments Abroad - Daily Update

Stronger Dollar, Weaker Bonds and Stocks Ahead of FOMC Minutes

August 21, 2013

Investors hope to get fresh insights into what the FOMC might announce next month on QE3 from minutes of the prior FOMC meeting, which get published at 18:00 GMT today. Meantime, the dollar has risen 0.6% against the kiwi, 0.5% versus the Australian dollar, 0.3% relative to the loonie and 0.2% against the yen, euro […] More

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