Archive for November 27th, 2009

Central Bank Watch

3.5% Policy Central Bank Rate in Poland Retained As Expected

November 27, 2009

Narodowy Bank Polski left its benchmark interest rate at 3.5%, matching the decisions it made at meetings in July, August, September and October.  Previously, a total decline of 250 basis points from 6.0% was engineered via decreases of 25 basis points last November, then 75 bps each in December and January followed by three more […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Global Financial Market Turmoil Continues Over Dubai

November 27, 2009

Stocks fell 4.8% in South Korea and Hong Kong, 3.2% in Japan and Taiwan, 3.0% in China, 2.9% in Australia, and 1.8% in South Africa.  The Ftse and Cac40 are 0.4% lower, and the Dax has lost another 0.4%.  Stock futures point to a sharp catch-up decline in U.S. equities, which did not trade yesterday.  […] More