Archive for November 16th, 2010

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