Archive for May 25th, 2011

Deeper Analysis

British Growth: The Devil Is in the Details

May 25, 2011

Real GDP in the U.K. expanded 1.9% at an annualized rate according to the second estimate by the Office for National Statistics.  That matched the first estimate and left GDP at the same level as in the third quarter of 2010.  Fourth-quarter 2010 activity had been slammed by harsh weather mostly in December, and the […] More

Central Bank Watch

Turkish Monetary Policy Left Unchanged

May 25, 2011

Monetary authorities at the Central Bank of the Republic of Turkey decided as expected to continue their wait-and-see stance, observing the lagged impact of various policy changes late last year and in early 2011.  In May 2010, the one-week repo rate was adopted as the key operative central bank policy interest rate.  It has been […] More

New Overnight Developments Abroad - Daily Update

Concerns Continue about Advanced Economies

May 25, 2011

The dollar is mixed, and stocks are trading precariously.  The dollar rose 0.6% against the Australian dollar and by 0.2% relative to the yen, Canadian dollar, euro, and kiwi.  The greenback is down by 0.4% against the Swiss franc, 0.3% versus sterling and 0.1% against the yuan. Equities fell 1.3% in South Korea, 1.2% in […] More