Archive for September 22nd, 2009

Central Bank Watch

South African Repo Rate Left at 7.0%

September 22, 2009

The rate decision of the South African Reserve Bank met analyst expectations for the first time in three tries.  The repo rate had been cut to 7.0% from 7.5% on August 13 instead of being kept steady as predicted, and such was not changed on June 25th when pundits were looking for a 50-bp cut.  […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Dollar Reverses Monday's Rise

September 22, 2009

The dollar has fallen sharply, losing 2.0% against the kiwi, 1.3% against the Aussie dollar, 1.1% versus the Canadian dollar, 0.9% against the euro and Swiss franc, 0.8% relative to the yen and 0.7% against sterling.  After rising on Monday, it is now below Friday closing levels in many cases. Japanese markets remained shut for […] More