Central Bank Watch
Central Reserve Bank of Peru: No Change in Reference Interest Rate
November 8, 2012
A statement from Peruvian monetary officials after this week’s meeting blames an uptick of inflation in the summer on temporary supply-side factors, observes that inflation eased back to a 3.25% on-year pace in October, and predicts stable GDP growth around its long-term sustainable trend. The last change of the 4.25% reference interest rate was made […] More
Central Bank Watch
Bank Indonesia
November 8, 2012
Following the monthly policy meeting, central bank officials in Indonesia retained a 5.75% reference rate and released an upbeat statement that observed An improved current account, whose deficit has fallen to 2.4% of GDP in 3Q12 from 3.5% in the second quarter. Contained inflation that is likely to hover near the center of its 3.5-5.5% […] More
Central Bank Watch
Pause in Malaysian Monetary Policy Continued
November 8, 2012
Bank Negara Malaysia’s overnight interest rate was lifted by 25 basis points each in March 2010, May 2010, July 2010 and May 2011, but it has stayed at 3.0% ever since. A statement released after today’s last of six scheduled meetings in 2012 declared that “while inflation may increase in 2013, it is expected to […] More
Central Bank Watch
ECB: No Fresh Policy Initiatives This Month
November 8, 2012
As most analysts expected, the Governing Council of the European Central Bank left its three key rates unchanged for the fourth meeting in a row. In July, the refinancing rate, deposit rate, and marginal lending rate were reduced by 25 basis points each to their current levels of 0.75%, 0.0%, and 1.5%. Pdt Draghi’s written […] More
Central Bank Watch
Bank of England: No Change This Month
November 8, 2012
The statement released by the Bank of England’s Monetary Policy Committee left the key interest rate at 0.5%, its level since March 2009, and the size of quantitative easing at GBP 375 billion, a level fully reached just recently. Minutes of the meeting, which will shed light on the vote and latest thinking of committee […] More
New Overnight Developments Abroad - Daily Update
Focus Shifts to Central Banks and Data
November 8, 2012
Taking a cue from the United States post-election sell-off, equities in the Pacific Rim fell by 2.4% in Hong Kong, 1.8% in China, 1.5% in Japan, 1.2% in South Korea, 1.0% in Singapore and 0.7% in Australia. European stocks are up 0.6% in Germany, 0.4% in France, 0.3% in Spain, and 0.2% in Britain. Greek […] More
