Central Bank Watch
Sri Lankan Monetary Policy Decision
August 7, 2012
The Central Bank of Sri Lanka Monetary Board previously hiked its key repo and reverse repo rates by 50 basis points in February and another 25 bps in April. Board members were satisfied at their mid-June meeting that the intended dampening effects on import growth and domestic credit expansion were happening. At today’s meeting, officials […] More
Central Bank Watch
Reserve Bank of Australia: Wait and See
August 7, 2012
At today’s meeting, the Board judged that, with inflation expected to be consistent with the target and growth close to trend, but with a more subdued international outlook than was the case a few months ago, the stance of monetary policy remained appropriate. So concludes the latest RBA Policy Board statement. Several points are made […] More
New Overnight Developments Abroad - Daily Update
Currency Markets Quiet
August 7, 2012
The dollar has edged down 0.1% against the loonie, euro, Swissie, Aussie dollar and yuan. The greenback is unchanged against the kiwi, 0.3% lower versus sterling and 0.1% firmer relative to the yen. Share prices rose 1.1% in India and 0.9% in Japan overnight. Smaller equity gains were posted of 0.6% in New Zealand, 0.4% […] More
