Central Bank Watch
Czech National Bank Eases
September 27, 2012
By a vote of five to two, monetary policy makers approved a halving of the two-week repo rate to 0.25%. The previous reduction in June also followed a split vote by the Board, that time of 4-3. The dissenters did not want to cut. Headline inflation will likely be slightly above the 1-3% target range […] More
Central Bank Watch
Romanian Monetary Policy
September 27, 2012
Policymakers at the National Bank of Romania left their main interest rate at 5.25% in spite of a significantly greater on-year 3.9% rise of consumer prices because The CPI spike should recede given Romania’s sizable negative output gap, The CPI spike does not reflect an underlying deterioration but rather supply-side food shocks and an adverse […] More
New Overnight Developments Abroad - Daily Update
Improved Market Psychology
September 27, 2012
Share prices, commodities, commodity-sensitive currencies, and sovereign debt yields are higher as tomorrow’s business calendar quarter-end approaches. Stocks in Europe have thus far recovered 0.9% in France and Italy, 0.6% in Spain, 0.5% in Germany, and 0.4% in Great Britain. A key impetus for this turnaround came from a bigger-than-anticipated liquidity injection by the People’s […] More
