Central Bank Watch
Monetary Policy Also Unchanged in Colombia
September 2, 2009
This past Friday the central bank in Colombia, which implemented six rate cuts totaling 500 basis points during the first half of 2009, left its policy rate at 4.5% for the second time this quarter. Policy is more even-sided now, balancing the priorities of recovery and price stability, but many analysts are unwilling to bet […] More
Central Bank Watch
Australian Cash Rate To Remain At 3.0%
September 2, 2009
At a meeting on Tuesday, the Reserve Bank of Australia left its benchmark interest rate unchanged at 3.0%, a level it considers “accommodative” yet “appropriate.” The cash rate was last cut by 25 basis points on April 8th. The first of six reductions was also by 25 basis points from 7.25% to 7.0%. In between, […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Australian 2Q GDP Growth Faster Than Expected
September 2, 2009
Stocks in Asia and Europe continued to fall. Japan’s Nikkei fell 2.4%, and markets closed down 1.8% in Hong Kong and Indonesia, 1.0% in Singapore, 1.6% in the Philippines, 0.6% in South Korea, 1.7% in Australia, and 0.5% in India. In Europe, French, German, and British equities are trading 0.9%, 0.8%, and 0.5% lower. The […] More
