Archive for April 22nd, 2010

Deeper Analysis

Review of Bank of Canada Monetary Policy Report

April 22, 2010

The 32-page quarterly policy report from Canada’s central bank reiterates many points made two days ago in the post-meeting policy announcement.  But a number of additional revelations were also imbedded in the report.  Here are some of the highlights. Real Canadian GDP at an annualized rate from the prior quarter is projected to have expanded […] More

Central Bank Watch

Filipino Central Bank Moves Closer to an Interest Rate Rise

April 22, 2010

Bangko Sentral ng Pilipinas left its overnight borrowing rate at 4.0% after this month’s meeting but, as at the prior meeting on March 11, cut rediscounting window quotas by P20 billion to just P20 billion.  The move becomes effective May 3.  The quota at the start of March had been P60 billion.  Furthermore, Assistant Governor […] More

New Overnight Developments Abroad - Daily Update

Conflicting Signals From Europe

April 22, 2010

The dollar has appreciated 0.4% against the euro and Swissy, 0.2% versus the Canadian dollar and 0.1% relative to sterling and the Australian dollar.  The greenback has dipped 0.2% against the yen and 0.1% versus the kiwi. The Nikkei slumped 1.3% and again fell below 11K, while stocks in Greece got hammered 2.4%.  Equities have […] More