Archive for November 22nd, 2010

Central Bank Watch

Bank of Israel Interest Rate Benchmark Left at 2.0%

November 22, 2010

Israel’s central bank has implemented six 25-basis point rate hikes since August 2009, the latest being done in September of this year.  Today, as in October, the key rate was left at 2.0%, but this time the rate corridor in the credit window was doubled from plus or minus 0.25% to plus or minus 0.50%.  […] More

Larry's Blog

Credentials Matter

November 22, 2010

A political movement suspicious of higher education is gaining traction in the United States.  I’m referring to scorn directed at people with high education credentials. A couple of recent comments left on Currency Thoughts appear to reflect this kind of anti-elitism.  One on U.S. Deflation Risk: Fact or Fancy objects to the use of the […] More

New Overnight Developments Abroad - Daily Update

Two Stories Grab Market Attention

November 22, 2010

European currencies rose after Ireland’s government agreed to an EU aid package that will be used to fortify the country’s beleaguered banks.  The dollar dropped 0.4% against the euro, 0.3% against the Swiss franc, and 0.2% against the yen.  Irish bond yields have fallen over ten basis points on the news. S&P reduced the outlook […] More