Central Bank Watch
ECB Policy Left Unchanged after October Governing Council Meeting
October 4, 2012
Neither interest rates not unconventional measures were modified at this month’s policy meeting of the ECB Governing Council. There was no mention of a new LTRO, nor did officials tweak collateral rules or adjust any other terms of existing unconventional measures. The big initiative from the August and September meetings had been Outright Monetary Transactions, […] More
Central Bank Watch
Bank of England in Wait and See Mode as Expected
October 4, 2012
The Monetary Policy Committee decided not to change the GBP 375 billion size of its Asset Purchase Plan. An announced increase at its July meeting of GBP 50 billion will not be fully implemented until next month. A statement on the Bank of England web site gives no information about the committee’s latest views and […] More
New Overnight Developments Abroad - Daily Update
The Morning After in America… Central Bank Focus in Europe
October 4, 2012
Mitt Romney won the presidential debate last night by a wide margin. He was quicker on his feet and able to define the choice for voters on Republican terms. Now we await opinion polls to see how far the debate shifted voter preferences. A second vote of confidence or no confidence will be cast by […] More
