Central Bank Watch
Overnight Turkish Lending Rate Sliced by Another 50 Basis Points
November 20, 2012
The overnight lending – borrowing rate differential was reduced further. Today’s lending rate cut of 50 basis points followed reductions of 50 bps in October and 150 bps in September. All the while, the overnight borrowing rate has stayed at 5.0%, where such has been anchored since August 2011. August 2011 was also the time […] More
Central Bank Watch
Bank of Japan Review
November 20, 2012
The BOJ nine-person Policy Board did ease its monetary stance further after this month’s meeting, having done so in both September and October. The decision was unanimous and expected. A statement from officials also retained its economic assessment that Japan’s economy “has weakened somewhat” and is likely to remain relatively weak for “the time being.” […] More
New Overnight Developments Abroad - Daily Update
Setback for France, Good News from America
November 20, 2012
Moody’s withdrew France’s top-grade sovereign credit rating. S&P had already done this some time earlier, and coincidentally the cover story of this week’s Economist presents an alarming portrayal of France as “the time-bomb at the heart of Europe” and the “biggest danger to Europe’s single-currency.” Moody’s cited structural problems such as France’s persistent erosion of […] More
