Archive for November 28th, 2011

Central Bank Watch

Israeli Central Bank Rate Cut

November 28, 2011

The Bank of Israel reduced its key interest rate by 25 basis points for the second time since September 26th.  Starting in August 2009 from a recessionary base of 0.50%, the rate had been raised by 75 bps that year, another 75 bps in 2010, and 125 bps in January-May of 2011 to a peak […] More

Deeper Analysis

New OECD Macro Forecasts: What a Difference a Half Year Makes

November 28, 2011

The Organization for Economic Cooperation and Development, consisting of 34 developed economies, publishes semi-annual forecasts in May and November.  New forecasts released today identify critical risks posed by the euro debt crisis and a potential substantial dose of U.S. fiscal restraint.  Growth forecasts are well below those estimated last May yet do not represent the […] More

New Overnight Developments Abroad - Daily Update

Softer Dollar

November 28, 2011

The dollar gave back ground today, falling 2.3% against the Aussie dollar, 2.1% relative to the kiwi, 1.4% against the loonie, 1.0% each versus the euro and Swissie, and 0.8% against sterling.  The yen is unchanged, and the yuan slid 0.1%. Stocks climbed 1.6% in Japan, 2.0% in Hong Kong, 1.9% in Australia and Singapore, […] More