Archive for June 18th, 2012

Central Bank Watch

Reserve Bank of India: No Policy Changes after Mid-Quarter Review

June 18, 2012

India’s key interest rates had been cut by 50 basis points in mid-April, but no further reduction were sanctioned after this week’s policy review.  April’s reduction was the first one in three years.  In between, thirteen increases had occurred from March 2010 through October 2011. Policymakers have tried to balance concerns about slowing economic growth […] More

New Overnight Developments Abroad - Daily Update

Pessimistic Mood Despite Greek and French Election Results

June 18, 2012

European elections yesterday produced results that were as good as could have been expected.  But Spain’s 10-year sovereign debt yield jumped to an 13-year high of 7.13% on unsettling news about the health of Spanish banks.  Parties in Greece committed to remaining in the euro and honoring previously negotiated austerity captured a majority of parliamentary […] More