Archive for February 14th, 2011

Central Bank Watch

Bank of Japan Policy Left Unchanged

February 14, 2011

After meeting for five hours and 52 minutes over two days, the Policy Board agreed unanimously to retain a virtual zero interest rate monetary policy stance (ZIRP).  Since October 5, the target on uncollateralized overnight call money has been zero to 0.1%.  The target had previously been around 0.1% since December 2008, and it has […] More

New Overnight Developments Abroad - Daily Update

Stronger Asian Stocks and Softer Euro to Start the Week

February 14, 2011

The euro and kiwi are down against the dollar by 0.7% and 0.6%.  Other major dollar pairs have changed no more than 0.1% since Friday‚Äôs close. Equities rose 3.2% in China, 2.7% in India, 1.9% in South Korea, 1.3% in the Philippines  and Hong Kong, 1.8% in Thailand, and 1.1% in Japan and Australia.  The […] More