Archive for April 23rd, 2012

Central Bank Watch

Bank of Israel Policy Stays on Hold

April 23, 2012

Israel’s central bank benchmark hasn’t changed since a third cut of 25 basis points to 2.5% was implemented.  From a 3.25% peak, reductions were also done in September and November 2011.  A statement from the Bank of Israel cites a mix of considerations to account for the recent policy pause.  The European debt crisis has […] More

New Overnight Developments Abroad - Daily Update

European April PMI Results Inspire New Wave of Investor Panic

April 23, 2012

European equities have plunged 3.2% in Sweden, 2.9% in Spain, 2.5% in Germany, 1.7% in France and 1.6% in Switzerland and Great Britain.  In the Pacific Rim, there were some outsized drops in share prices such as 1.8% in Hong Kong, 1.6% in India and 1.1% in Singapore but also some smaller moves such as […] More