Archive for June 9th, 2010

Central Bank Watch

New Zealand Gets First Rate Increase

June 9, 2010

The Reserve Bank of New Zealand (RBNZ) raised its Official Cash Rate (OCR) to 2.75% from 2.5%, which had been the OCR level since a 50-basis point cut in April 2009.  Most but not all analysts anticipated the move.  Central bank officials project a more broadly-based recovery with 3.5% GDP growth in both 2010 and […] More

New Overnight Developments Abroad - Daily Update

Some Highlights Since Friday

June 9, 2010

The dollar since late Thursday has lost 1.2% against the yen and 1.3% versus the Swiss franc but shows gains of 1.1% against the Aussie dollar, 1.0% versus the euro and 0.2% against sterling.  Stocks have dropped 4.8% in Japan, 2.4% in Britain, 2.1% in the U.S. and 1.1% in Germany.  Ten-year bond yields are […] More