Archive for August 29th, 2012

Central Bank Watch

Norwegian Monetary Policy Remains Unchanged after Latest Executive Board Meeting

August 29, 2012

Analysts had not expected Norway’s policy interest rate of 1.5% since March to be changed today, and it wasn’t.  A statement from the Norges Bank strikes an upbeat tone and claims that Developments in both Norway and among trading partners have been broadly in line with expectations. Inflation in Norway has been slightly lower than […] More

New Overnight Developments Abroad - Daily Update

Little Change in Dollar as Draghi Defends Non-Standard Measures

August 29, 2012

The dollar is 0.2% stronger against the euro, Swissie, and yen.  The greenback also eased 0.1% versus sterling and the Canadian, Australian and New Zealand dollars.  The yuan is steady. In a published interview, ECB Pdt Draghi, who will not be attending the Jackson Hole Symposium this weekend, took on his German and Dutch critics, […] More