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
