Central Bank Watch
Exit Strategy of Unconventional ECB Measures Paused
December 2, 2010
The ECB: Retained its key interest rate structure of a 1.75% marginal lending rate, a 1.0% refinancing rate, and a 0.25% deposit rate and called these levels appropriate and accommodative. Reiterated that unconventional measures are “temporary by nature” and intended to permit an appropriate transmission of the primary policy stance. Chose to continue at least […] More
New Overnight Developments Abroad - Daily Update
ECB Holds Key to Thursday Trading
December 2, 2010
The dollar has eased 0.4% against the Canadian dollar, 0.3% against the euro and Swiss franc, and 0.1% relative to the kiwi and yuan. The greenback is up 0.1% against the yen, Australian dollar, and sterling. Following yesterday’s rally in U.S. stocks, equities climbed by 2.1% in Indonesia, 2.0% in Australia, 1.8% in Japan where […] More
