Archive for November 22nd, 2012

Central Bank Watch

South African Reserve Bank Leaves Repo rate at 5.0%

November 22, 2012

Ten central bank rate cuts between December 2008 and July 2012 cumulated to 700 basis points.  The present 5.0% represents a multi-decade low.  As in previous policy meeting in September, monetary officials concluded that a balance of downside growth risks and upside price risks deemed any rate change at this time to be inappropriate.  The […] More

New Overnight Developments Abroad - Daily Update

Thanksgiving Day Special

November 22, 2012

Overseas investors this Thanksgiving Day of 2012 were cheered by China‚Äôs preliminary 50.4 reading on the November purchasing managers preliminary survey and have disregarded discouraging Ezone PMI results.  The focus instead has been on hope that European finance ministers will work out an agreement on Greece next week.  Additional optimism surrounds the likelihood of an […] More