Archive for October 26th, 2010

Central Bank Watch

A Third 25-Basis Point Rate Hike in Sweden

October 26, 2010

The Riksbank followed up increases on July 1 and September 2 with a third 25-bp repo rate increase to 1.0% and released a statement that a) revised projected 2010 and 2011 growth higher, b) scaled back projected consumer price inflation in 2011 and 2012, and c) depicted a lower projected repo rate path than shown […] More

New Overnight Developments Abroad - Daily Update

Sterling Lifted by U.K. GDP Data

October 26, 2010

The British pound climbed 1.1% against the dollar on a much stronger-than-forecast initial estimate of 3Q U.K. economic growth.  GDP advanced 0.8% (3.3% annualized), twice as much as expected.  On-year growth was 2.8%, up from 1.7% in the second quarter.  Construction, production, and services each contributed positively to GDP growth last quarter.  Market participants concluded […] More