Central Bank Watch
Swiss Monetary Policy Preview
March 9, 2010
The Swiss National Bank holds fewer interest rate policy meetings than most central banks, just one per quarter when it also issues a fresh assessment with a projected inflation path going out 11 quarters. The March review will be unveiled on Thursday. The last rate cut occurred a year ago, when the Libor target corridor […] More
Central Bank Watch
New Zealand Interest Rate Preview
March 9, 2010
The second interest rate policy meeting of 2010 is being held this week, and an announcement to retain the officials cash rate at 2.5% is expected around 20:00 GMT on Wednesday. The key rate has been 2.5% since late April 2009, when the rate was cut by 50 basis points. Initially, officials indicated that such […] More
New Overnight Developments Abroad - Daily Update
Stronger Yen and Weaker Pound
March 9, 2010
The dollar fell 0.6% against the yen and below the 90/$ level. Otherwise, the dollar advanced 0.8% against sterling, 0.5% relative to the euro and kiwi, 0.4% against the Swiss franc, and 0.3% versus the Canadian and Australian currencies. Stocks were mixed in Asia but have retreated more uniformly in Europe. Equities gained 1.2% in […] More
