Central Bank Watch
No Follow-Up Rate Cut at the South African Reserve Bank
September 20, 2012
At its previous meeting the MPC assessed that conditions justified a pre-emptive loosening of the monetary policy stance. Although global and domestic growth conditions remain challenging, the MPC is of the view that a further reduction in the repurchase rate is not appropriate at this stage. The MPC has therefore decided to keep the repurchase […] More
Central Bank Watch
Pause Continuing in Taiwanese Monetary Tightening
September 20, 2012
The Board of the Central Bank of the Republic of China (Taiwan) left its discount rate at 1.875%. It has been at that level since the last of five sequential quarterly increases in June 2011. Each of those hikes amounted to 12.5%. The discount rate earlier was slashed from 3.625% prior to September 2008 to […] More
New Overnight Developments Abroad - Daily Update
Disappointing Purchasing Managers Reports from China and Euroland
September 20, 2012
Share prices and bond yields are lower, while the dollar has risen in response to continuing concern about Spain and weak preliminary purchasing manager survey data for September. The dollar has climbed 0.7% against the euro and Australian dollar, 0.6% versus the Swiss franc, 0.4% against the loonie, 0.3% relative to the kiwi and 0.2% […] More
