Archive for April 19th, 2012

Deeper Analysis

Growth Outlook

April 19, 2012

Upwardly revised IMF forecasts released on Tuesday exerted greater influence on investor risk aversion than many recent hard data releases that were more disappointing than forecast.  Also, the modifications from previous forecasts released in January reversed only a fraction of the downward revisions embodied in those January estimates from ones made and released in September […] More

Central Bank Watch

No Change This Time in 4.0% Filipino Repo Rate

April 19, 2012

Monetary Board members at Bangko Sentral ng Pilipinas had eased key interest rates at their prior two meetings on January 19 and March 1 but elected today to leave unchanged the 4.0% overnight repo rate and 6.0% overnight reverse repo rate as well as reserve requirement ratios.  Authorities next meet June 14.  The baseline inflation […] More

New Overnight Developments Abroad - Daily Update

Stocks Somewhat Higher in Europe

April 19, 2012

Risk aversion continues to swing daily.  Today the mood is more hopeful because Spain’s government managed to sell marginally more 2- and 10-year debt than planned although at higher yields.  The Paris Cac has risen 0.9%, and the German Dax and British Ftse are 0.6% higher. Share prices had been mixed in the Pacific Rim, […] More