Archive for December 24th, 2011

Central Bank Watch

Bank Rossii

December 24, 2011

The Russian refinancing rate was cut to 8.0% from 8.25% on Friday.  2011 had begun with the central bank in tightening mode when 25-bp  increases in the benchmark interest rate were implemented in both February and April.  As summer began, the expressed bias was still restrictive, but priorities had switched during the summer.  Nonetheless, the […] More

Foreign Exchange Insights and Next Week

Next Week

December 24, 2011

Next week, the final one of the ill-fated year 2011, begins with the observance of Christmas that will close most markets on Monday and some until Wednesday.  The event and data release calendar is light. Scheduled U.S. releases include the Case Shiller home price index, the Richmond Fed manufacturing index, midwestern regional purchasing manager manufacturing […] More