Deeper Analysis
Japanese Companies More Worried According to BOJ Tankan Survey
December 14, 2011
10,846 companies participated in the latest quarterly survey done by Japan’s central bank. In the table below which documents the evolution of results, abbreviations used in the first four columns of data stand for big manufacturers (Bm), big non-manufacturer (Bnm), small manufacturers (Sm) and small non-manufacturers (Smn). Where an “a” or no suffix is shown […] More
Central Bank Watch
Central Bank of Chile: No Rate Change after Monthly Meeting
December 14, 2011
Unlike their Brazilian counterparts, members of the Chilean Central Bank Policy Board have not yet cut their benchmark interest rate, which remains at 5.25% after the latest monthly meeting. That policy choice is not to say that officials are not closely watching the euro debt crisis. Despite recent announcements, the uncertainty persists about the resolution […] More
Central Bank Watch
Hong Kong Monetary Authority Follows Fed’s Cue
December 14, 2011
Hong Kong has a currency stability policy rather than an independent domestic interest rate policy. The enforcement of this goal, which the HKMA explains as below on its web site, is aided by the maintenance of a fixed premium of the Hong Kong base rate relative to the federal funds target. That spread had been […] More
Central Bank Watch
Norwegian Central Bank Eases More Forcefully Than Expected
December 14, 2011
The Norges Bank overnight deposit rate has been sliced 50 basis points to 1.75%. After the prior meeting in mid-October, officials on the Executive Board had predicted no changes “for some time ahead,” and analysts were debating whether Norwegian monetary officials would opt for a reduction of 12.5 bps or 25 bps. However, the ECB […] More
New Overnight Developments Abroad - Daily Update
European Equities Absorb New Hit
December 14, 2011
Share prices are so far down another 1.5% in France and 0.9% in Great Britain and Germany. Earlier, stocks fell 1.0% in China, 0.8% in India, 0.7% in Thailand and Sri Lanka, 0.5% in Hong Kong and Singapore, and 0.4% in Japan. The dollar had risen 0.5% against the kiwi, 0.2% versus the yen, loonie, […] More
