Central Bank Watch
Bank of England Preview
July 7, 2010
The June 9th meeting of the Bank of England’s Monetary Policy Committee ended in a split 7-1 to maintain present policy settings, a Bank Rate of 0.5% — the level since March 2009 — and Gbp 200 billion stock of asset purchases, a level reached in January but not extended beyond that limit subsequently. Member […] More
Central Bank Watch
ECB Preview
July 7, 2010
The Governing Council will leave its interest rate settings unchanged. The refinancing rate has been 1.0% since May 2009 and will remain at that level into 2011. At Thursday’s monthly press conference and in the released statement from President Trichet, the usual points will be made that Monetary policy remains appropriate. Changes in the enhanced […] More
New Overnight Developments Abroad - Daily Update
New Concerns about U.S. and Global Growth Prospects
July 7, 2010
Stocks fell 1.7% in Sri Lanka, 1.1% in Hong Kong, 0.8% in India, 0.6% in South Korea, and 0.5% in Australia. Selling intensified in Europe, where the Paris Cac is trading 1.6% lower, the Spanish IBEX has lost 1.5%, and both the German Dax and British Ftse show losses of 1.3%. A poorer-than-expected service sector […] More
