Central Bank Watch
Central Bank of Sri Lanka
January 11, 2012
The Sri Lankan repo rate of 7.0%, which was last reduced a year ago, has been retained for another month. That country’s Monetary Board implemented rate reductions from a mid-2009 high of 8.5% totaling 100 basis points in 2009, 25 bps in 2010 and 25 bps in 2011. A statement from the central bank today […] More
Central Bank Watch
ECB Preview
January 11, 2012
Opinions are mixed over whether ECB policy will be eased for a third consecutive month in January, but the majority view, partly because there were some dissenters against the rate cut in December, looks for the Governing Council to pause, pending more information. Actions have been more accommodative than the bank’s rhetoric, which puts the […] More
New Overnight Developments Abroad - Daily Update
Even German GDP Contracted Last Quarter
January 11, 2012
The dollar has firmed overnight by 0.6% against the Swiss franc, 0.5% relative to the euro and sterling, 0.3% versus the Aussie dollar, 0.2% against the yen and 0.1% versus the loonie. The kiwi and yuan are steady. Pacific Rim equities were mixed. Share prices rose 0.9% in Australia, 1.9% in The Philippines, 1.0% in […] More
