Central Bank Watch
No Change in Norway’s Key Central Bank Rate
December 15, 2010
Norway has not experienced the kind of explosive recovery that neighboring Sweden has enjoyed. Real GDP contracted sharply in the third quarter and was even lower than its level in 3Q09. Even though activity picked up this quarter, core consumer price inflation in Norway is hovering around 1.5% and expected to remain around there well […] More
Central Bank Watch
A Fourth Rate Hike in Sweden
December 15, 2010
A fourth 25-basis point repo rate hike to 1.25% was announced by the Riksbank and will become effective a week from today. Minutes of this week’s Executive Board meeting, where policymakers again split 4-2 in favor of the rate increase, will be published January 3rd. Earlier tightenings of 25 basis points each followed meetings on […] More
New Overnight Developments Abroad - Daily Update
New Jitters About Euroland Peripherals
December 15, 2010
The dollar was buoyed as Moody’s flagged a risk that Spain’s Aa1 sovereign debt rating might get downgraded. Greece was hit by more worker strikes today, disrupting transportation in that economy. The U.S. currency rose 0.7% against sterling and the Australian dollar, 0.4% versus the euro and kiwi, 0.3% relative to the Swiss franc and […] More
