Archive for June 11th, 2012

Central Bank Watch

Bank of Mexico Remains on Hold

June 11, 2012

Mexico’s key interest rate has been at 4.5% since July 2009 and will remain at that level for the time being.  Policymakers met last Friday and reaffirmed that the current stance is promoting the medium-term inflation target of 3% while protecting the recovery amid an uncertain global environment.  The central bank authorities revised their forecast […] More

New Overnight Developments Abroad - Daily Update

Share Prices Higher Despite Skepticism about Bailout for Spanish Banks

June 11, 2012

Equities advanced 2.4% in Hong Kong, 2.0% in Japan and Spain, 1.8% in Singapore, 1.6% in the Philippines, 1.7% in Taiwan, 1.3% in China, and 1.1% in Indonesia.  The German Dax, Paris Cac, and British Ftse are up by 1.7%, 1.2% and 0.7%.  Australia’s market was closed for the Queen’s Birthday.  U.S. stocks were essentially […] More