Archive for July 16th, 2012

Central Bank Watch

Bank Rossii Gives Hint of Future Rate Change

July 16, 2012

The Central Bank of Russia did not change its interest rate structure this month.  That includes an 8.0% refinancing rate, which was adjusted three times in 2011 but not so far in 2012.  Rate hikes were implemented last year in February and April but cut in December.  All three moves were by 25 basis points.  […] More

New Overnight Developments Abroad - Daily Update

Growth Outlook Weighing on Investor Psychology

July 16, 2012

The dollar has risen by 0.5% against the euro, 0.4% versus the Swiss franc, 0.2% relative to sterling, and 0.1% against the Australian dollar, but the greenback also lost 0.1% against the kiwi and yuan and 0.3% vis-a-vis the yen. Premier Wen said the slowdown in China’s economy may last for some time. Hardline remarks […] More