Central Bank Watch
Peru Monetary Policy Extends Pause
November 11, 2010
The Central Reserve Bank of Peru retained a 3.0% reference monetary policy rate after the penultimate monthly meeting of 2010. It had also not tightened in October following five consecutive rate increases totaling 175 basis points from May through September. A statement from officials noted that core and total inflation are near the 2.0% target […] More
Central Bank Watch
Turkish One-Week Repo Rate Remains on Hold
November 11, 2010
Turkey’s 7.0% one-week repo rate was left at 7.0%, it level since a 25-basis point cut a year ago, and analysts expect another year to pass before it is raised. A statement released by the Central Bank of the Republic of Turkey reiterated its expectation that current levels will be maintained “for some time” and […] More
Larry's Blog
Veterans Day 2010
November 11, 2010
Four score and a dozen years after the last shots were fired in the Great War to end all wars, a state of armed conflict has in fact become the norm rather than the exception. Although special days like today are set aside to remember and show gratitude to those who faced personal harm so […] More
New Overnight Developments Abroad - Daily Update
Greenspan and Geithner Duke it Out in Verbal Currency Wars
November 11, 2010
With G20 leaders meeting in Seoul, South Korea, bond market strains on the euro area peripherals — Ireland, Portugal, Greece, Spain and Italy — intensified. The Irish-German ten-year spread widened past 650 basis points. ECB member Stark denied the fiscal problems of these members constitutes a euro crisis per se. Another ECB member reiterated that […] More
