Archive for October 31st, 2014

Central Bank Watch

Bank of Japan Halloween Surprise

October 31, 2014

Most analysts including myself didn’t expect a policy change, and the package of stimulus enhancements announced by the BOJ Board was approved by only a 5-4 majority, albeit one that included Governor Kuroda and his two Deputies.  This was the first modification of quantitative and qualitative easing (QQE)launched some 19 months ago.  The changes look […] More

Central Bank Watch

Bank of Mexico Keeps 3.0% Overnight Rate

October 31, 2014

Taking into account the above, the Governing Council has decidedto keep in 3 percent goal forthe interbank interest rate overnight, which estimated that the monetary stance is consistent with the efficient convergence of inflation to the target of 3 percent. Forward, it will remain attentive to the performance of all the determinants of inflation andexpectations […] More

New Overnight Developments Abroad - Daily Update

Significant Monetary Policy Changes in Japan and Russia

October 31, 2014

Quantitative and qualitative monetary stimulus was expanded sharply in Japan by a 5-4 vote, with the central bank governor and two deputy governors siding with the majority.  The impact of the decision to boost annual JGB buying from 50 trillion yen to 80 trillion yen, triple holdings of ETFs and J-REITS, and lengthen the average […] More

css.php