Central Bank Watch
Reserve Bank of New Zealand Meeting Review: No surprises
March 10, 2010
The Official Cash Rate of New Zealand was left at 2.5%, where it has been since April 2009. After New Zealand entered a five-quarter recession in the first quarter of 2008, 575 basis points of rate cuts were implemented between July 2008 and April 2009. As they did after the prior two meetings and as […] More
Central Bank Watch
Hawkish Statement From the Bank of Thailand
March 10, 2010
The Bank of Thailand left its benchmark interest rate at 1.25%, the level since a 25-basis point cut last April 8. Prior cuts of 100 bps, 75 bps, and 50 bps had been implemented in December 2008, January 2009 and February 2009. A considerably more hawkish statement from monetary authorities today sets the stage for […] More
New Overnight Developments Abroad - Daily Update
Busy Data Calendar Except From the United States
March 10, 2010
The dollar is mixed, with very little change against the euro, Swissy and Canadian dollar, rises of 0.5% against the yen and 0.4% relative to sterling and declines of 0.6% and 0.3% against the New Zealand and Australian dollars. Stocks closed unchanged in Japan, Hong Kong and Australia. Equity gains were recorded of 0.8% in […] More
