Central Bank Watch
Icelandic Monetary Tightening Paused
August 22, 2012
Sedlabanki, the Central Bank of Iceland, left its key seven-day collateralized lending rate at 5.75%, which constitutes a pause in a trend of five increases since August 2011 and most recently on June 13, 2012. Four of those hikes were by 25 basis points and the other in May of this year was by 50 […] More
New Overnight Developments Abroad - Daily Update
Bad News Delivered in Japan’s Trade Data
August 22, 2012
Asian markets were rattled by a reported 8.1% on-year decline in Japanese customs exports. Shipments to the EU and China plunged by 25.1% and 11.9%, respectively. Today’s meeting of EU President Juncker and Greek Prime Minister Samaras added to the nervous undertone of the market. Share prices declined 1.1% in the Philippines and Hong Kong, […] More
