Central Bank Watch
Bank of Thailand Policy Interest Rate Unchanged at 1.25%
October 21, 2009
As expected and for a fourth straight meeting following ones in August, July and May, Thai monetary officials left their benchmark rate steady at 1.25% and declared such a level to be accommodative, appropriate and supportive of economic recovery. A released statement called inflation pressure subdued and the outlook for domestic demand better but still […] More
Central Bank Watch
Pound Sterling Revival
October 21, 2009
At today’s highs, the pound was stronger than at the time when Bank of England Monetary Policy Committee met on October 8 by 1.4% on a trade-weighted basis, 3.5% against the dollar, and 1.5% against the euro. From its low on October 12, the recovery amounts to 3.6% trade-weighted, 3.7% against the euro and 6.0% […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Sterling Extends Recovery
October 21, 2009
The dollar has dropped by a further 1.0% against sterling, which got as high overnight as $1.6590. Bank of England minutes revealed a unanimous 9-0 vote not to increase the Gbp 175 billion target level on asset purchases. Vote to retain 0.5% base rate was also unanimous, but… Bank of England Governor King told fellow […] More
