Central Bank Watch
Bank of Japan
October 27, 2011
On a day that belonged to Europe, the Bank of Japan made some news of its own. The 0.0-0.1% target range for the overnight money rate was retained. Quantitative easing was expanded by another five trillion yen. New quarterly macroeconomic forecasts revised downward projected growth and core inflation. Without abandoning the broad framework of moderate […] More
Central Bank Watch
Swedish Riksbank Keeps Interest Rate in Pause Mode at 2.0%
October 27, 2011
After seven consecutive 25-basis point increases from June 2010 through July 2011, the Riksbank’s Executive Board left the repo rate at 2.0% after its September meeting and did the same today. At both meetings, officials also flattened their forecast of the future path for their repo rate, which now allows for increases of 50 basis […] More
New Overnight Developments Abroad - Daily Update
Euroland Leaders Found Some Common Ground… Risk Assets Higher
October 27, 2011
Stocks rallied in relief. In Europe, the German Dax and Paris Cac are 4.0% and 4.2% higher. German Chancellor Merkel and French President Sarkozy will be speaking later today. The British Ftse has so far climbed 2.4%. In the Pacific Rim, equities advanced by 3.3% in Hong Kong, 2.8% in Singapore, 2.5% in Australia, 2.3% […] More
