Archive for November 11th, 2008

Currency Markets in the News

Expected Inflation in Motion

November 11, 2008

In recent years, central bankers had preached the imperative of anchoring price expectations at a low level. Low inflation is not a sufficient achievement. Equally important, policymakers wish to solidify investor confidence that consistently low inflation will be preserved over the medium term, even if exogenous shocks occasionally bump actual inflation away from the preferred […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Tough Day for Emerging Markets

November 11, 2008

Stocks tumbled anew, especially in emerging markets. The Turkish lira fell 2.5%. The Russian rouble posted biggest drop in a month as officials conserve reserves, which had dropped some $100 bn since August. The Nikkei dropped 3.0%. In other Asian markets, stocks fell 4.1% in Singapore, 3.9% in Vietnam, 3.1% in Thailand, 4.8% in Hong […] More