Central Bank Watch
Bank of Korea Tightens for a Second Time
November 16, 2010
Korea’s seven-day repo rate has been raised from 2.25% to 2.5%, a move that analysts predicted. An initial tightening on July 9 had also been by 25 basis points, but the ensuing policy meetings in August, September and October had left the key interest rate steady partly because of concern about a rising won. A […] More
New Overnight Developments Abroad - Daily Update
Relentless Concern about Advanced Economies
November 16, 2010
The take-no-prisoners angered folk of the U.S. Republican Party have turned their sights on the Bernanke-led Federal Reserve. QE2 has been associated with rising long-term interest rates, not the decline it was intended to promote. Stocks got pummeled overnight. In Europe, Britain announced a further and unexpected rise in CPI inflation, and Bank of England […] More
