Central Bank Watch
Philippines’ Reserve Ratios Tightened
July 28, 2011
Bankgo Sentral Ng Pilipinas will raise reserve requirements by a whole percentage point effective August 5. This decision was not expected and matches one at the June 16 policy meeting and implemented on June 24. Interest rates were not changed at this time. Previously, the Filipino official borrowing and lending rates, that is the reverse […] More
New Overnight Developments Abroad - Daily Update
Stocks Down Sharply in Asia and Europe
July 28, 2011
Persistent debt concerns in the U.S. and Europe continue to depress the euro and share prices. Peripheral bond yield spread widened. Equities fell by 1.5% in Japan and Pakistan, 1.6% in Australia, 1.2% in India, 0.9% in South Korea, 0.7% in Indonesia and 0.6% in Taiwan and China. The German Dax and Paris Cac are […] More
