Central Bank Watch
Brazil to Get a Prolonged Central Bank Interest Rate Plateau
November 28, 2012
Copom, the Central Bank of Brazil’s monetary policy committee, had cut the Selic rate at ten straight meetings by a total of 525 basis points to 7.25%. The last of those reductions announced October 10th was the also the smallest, just 25 basis points, and it was accompanied by a pledge to keep policy stable […] More
Central Bank Watch
Thailand Monetary Policy
November 28, 2012
From a high of 3.5% (August 2011 – November 2011), Thai monetary officials had implemented three 25-basis point cuts in the one-day repo rate. These were administered in November 2011, January 2011 and, most recently, at the prior monthly meeting in October by a 5-2 vote. At this month’s meeting, in contrast, the authorities decided […] More
New Overnight Developments Abroad - Daily Update
Concern over Chinese Growth and U.S. Fiscal Cliff Threat
November 28, 2012
Mounting risk aversion has sent the euro lower and the yen higher. Commodities, stocks, and sovereign debt yields are lower. The Shanghai Composite index fell another 0.9% and further below the key 2000 level to 1974. The 10-year Japanese JGB yield dipped a basis point to a 9-year low of 0.72%. At $1.2900 per euro, […] More
