Archive for November 14th, 2012

Central Bank Watch

Icelandic Monetary Policy Tightened

November 14, 2012

A further 25-basis point increase in Sedlabanki’s key interest rates — including the 7-day collateralized lending rate to 6.0% — represents the latest step in a rate normalization process that began fifteen months ago and has so far been administered in six steps.  The fifth move was also by 25 basis points and occurred in […] More

New Overnight Developments Abroad - Daily Update

Some Tellingly Soggy Data Results

November 14, 2012

Industrial production in the euro area slumped 2.5% on month in September.  Output was 1.3% than the average 3Q12 level and 2.3% weaker than a year earlier. British labor statistics suggest more softness.  The claimant unemployment count jumped 10.1K in October, its biggest monthly rise in 13 months.  Average weekly earnings growth in 3Q of […] More