Larry's Blog
The Dark Side of Street Protests
September 23, 2014
Without the prodding of street protests throughout history, the causes of social justice would not have progressed as far as they did. In the United States, there is greater racial equality and fairer conditions for children, women and workers. Law enforcement is more accountable. Women won the right to vote in 1920, 144 years after […] More
Central Bank Watch
Magyar Nemzeti Bank to Keep 2.10% Interest Rate for Extended Period
September 23, 2014
Hungary’s monetary policy rate was lowered after every monthly Council meeting from August 2012 through July 2014, falling to 2.1% from 7.0%. The statement accompanying July’s 20-basis point cut proclaimed that the easing cycle had ended. The new policy mantra, reiterated in today’s policy statement, pre-announces that the 2.1% rate will likely be retained for […] More
Central Bank Watch
Central Bank of Sri Lanka Tweaks Policy to Promote Faster Bank Lending
September 23, 2014
A quarterly monetary policy review released today applauds Sri Lanka’s buoyant growth and benign inflation but expresses disappointment with the pace of bank lending in spite of previous reductions of the central bank’s key interest rates. The central bank lending rate (a.k.a. reverse repo rate) and its repo rate were sliced by 25 basis points […] More
New Overnight Developments Abroad - Daily Update
Risk Aversion is Back
September 23, 2014
Share prices in the Pacific Rim fell 1.6% in India, 0.6% in Indonesia and 0.5% in Taiwan and South Korea. Japan was closed for the Autumnal Equinox holiday. Downward equity momentum has picked up in Europe, with losses so far of 1.6% in France, 1.3% in Great Britain, 1.1% in Germany, Italy and Spain, and […] More
