Archive for May 30th, 2011

Central Bank Watch

Colombia’s Fourth Consecutive Central Bank Interest Rate Hike

May 30, 2011

The Central Bank of the Republic of Colombia intervention rate was increased by another 25 basis points, matching prior moves in February, March and April.  The rate, which now becomes 4.0%, had been at 3.0% until February 25 following eight reductions totaling 700 basis points between December 2008 and April 2010.  Inflation is now running […] More

New Overnight Developments Abroad - Daily Update

Holiday Closures in the United States and Great Britain

May 30, 2011

Markets are closed today in the United States for Memorial Day and Britain for a spring bank holiday. Currency movements have been muted without the participation of all trading centers.  The dollar at 14:15 GMT shows gains from Friday‚Äôs close of 0.2% against the euro and 0.1% versus sterling, the yen and Canadian dollar, but […] More