Central Bank Watch
Awaiting New ECB Forecasts Thursday And Other Critical Information
December 2, 2009
At 12:45 GMT Thursday, the ECB will announce no changes in the 1.0% short-term refinancing rate, nor in the 0.25% deposit rate or the 1.75% marginal lending rate. That’s been the rate structure since last May and is unlikely to get modified before late 2010. If asked at the press conference that starts at 13:30 […] More
Central Bank Watch
Bank of Thailand Keeps 1.25% One-Day RP Rate and Calls Accommodative Stance Appropriate
December 2, 2009
After reductions of 100 basis points in early December 2008, 75 bps in mid-January 2009, 50 bps in late-February, and 25 bps last April 8th, the Bank of Thailand has kept its benchmark interest rate at the very low 1.25% level ever since. A statement from monetary officials released after today’s meeting suggests that the […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Gold Soars
December 2, 2009
Gold jumped to a new record $1217.23 per troy ounce and is up 1.1% on balance. Oil is down 0.8% at $77.77 per barrel, in contrast. Dollar/yen rose 0.6% amid forceful verbal intervention. BOJ officials Suda warned of damage to business and consumer confidence from strong yen. Prime Minister Hatoyama asserted something has to be […] More
