Central Bank Watch
Another Tightening of Russian Monetary Policy
April 25, 2014
Officials at the Central Bank of the Russian Federation raised their one-week auction rate to 7.5% today and indicated that a cut in coming months is not in the cards. This tightening of monetary conditions follows a 150-basis point hike on March 3 and comes amid accelerating inflation and a mounting risk of rising inflation […] More
New Overnight Developments Abroad - Daily Update
Stocks Down but Dollar Pretty Steady
April 25, 2014
Share prices fell 1.9% in Taiwan, 1.5% in Hong Kong, 1.3% in South Korea, 1.0% in China, 0.8% in India and 0.5% in Singapore. Equities firmed 0.2% in Japan. European stocks so far show losses of 0.9% in Germany and Italy, 0.8% in Spain, 0.4% in France and 0.2% in Switzerland and Great Britain. U.S. equities […] More
