Archive for October 17th, 2012

Central Bank Watch

Bank of Thailand Eases

October 17, 2012

Thailand’s Monetary Policy Committee voted by a 5-2 margin to cut the one-day repo rate by 25 basis points to 2.75%.  This was the first change since rate cuts of 25 basis points each last January and in November 2011.  The key rate remains 150 basis points above its Great Recession low by 100 basis […] More

New Overnight Developments Abroad - Daily Update

EUR/USD above $1.3100 for First Time since May 4th

October 17, 2012

The dollar has lost 0.4% against the euro and Australian dollar, 0.3% relative to the Swiss franc and kiwi, 0.2% versus the yen and sterling, and 0.1% vis-a-vis the yuan.  The loonie is steady. After an extensive review, Moody’s did not downgrade Spain’s sovereign debt rating, which remains investment grade at Baa3.  Markets had been […] More