Central Bank Watch
Chinese Monetary Policy Tightened Further
February 8, 2011
The People’s Bank of China raised both its one-year lending rate and deposit rate by 25 basis points to 6.06% and 3.0%. Like the prior increase announced on Christmas Day, officials chose a holiday to break the news to the public. An initial rate increase was revealed last October 19th. All three central bank rate […] More
Central Bank Watch
Central Bank of Sri Lanka Leaves Policy Steady After Monthly Review
February 8, 2011
The repo rate had been cut by 50 basis points in November and 25 bps each in December and January but was left unchanged this month at 7.0%. 200 bps of cuts were implemented in the first half of 2010. No rate changes occurred between February 2007 and February 2010. Central bank officials also left […] More
New Overnight Developments Abroad - Daily Update
China Gets a Third Interest Rate Hike
February 8, 2011
After an uneventful Monday, markets finally have some important news: The Peoples Bank of China announced hikes of 25 basis points each in the one-year lending rate to 6.06% and in the one-year deposit rate to 3.0%. Earlier increases of similar size were announced last October 19 and December 25. Today’s decision was made as […] More
