Central Bank Watch
Preview of Australian Rate Decision
April 4, 2011
Officials of the Reserve Bank of Australia last raised their Official Cash Rate in November and are likely to keep such at 4.75% for a couple of additional months. Minutes from the March RBA Board meeting called current policy “mildly restrictive” and appropriate for securing medium-term CPI inflation within the 2-3% target. Australia has been […] More
New Overnight Developments Abroad - Daily Update
Another Slow Monday
April 4, 2011
Commodity prices are higher. Oil advanced 0.4% to $108.33 per barrel, while gold climbed 0.3% to $1433.80 per ounce. Upward share price momentum in Asia didn’t carry into European trading. Stocks advanced 1.5% in China, India, and Hong Kong. They also gained 1.3% in Thailand, 0.7% in Singapore and 0.5% in Australia. But Japan’s Nikkei […] More
