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’s 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
