Archive for November 26th, 2012

Central Bank Watch

Bank of Israel Holds Key Interest Rate Steady at 2.0%

November 26, 2012

Since peaking at 3.25% after the May 2011 monthly meeting, Israel’s key interest rate has been cut five times, each by 25 basis points and most recently last month.  But as expected, a sixth reduction was not implemented at this month’s meeting.  The Bank of Israel’s monetary policy statement expressed contentment with inflation and expected […] More

New Overnight Developments Abroad - Daily Update

Japan, Spain and Greece in Spotlight

November 26, 2012

Minutes from the Bank of Japan’s October 30 Policy Board meeting accentuated the difficulty of overcoming deflation, with two of the nine members believing more stimulus is needed to boost inflation to the 1% target.  In a speech today, Governor Shirakawa acknowledged that the economy has weakened but deflected responsibility for ultimately overcoming deflation to […] More