Central Bank Watch
Indonesian Monetary Policy Still on Hold
December 11, 2012
The latest statement from Bank Indonesia’s Board of Governors does not even hint of a possible near-term change of the central bank’s 5.75% main interest rate. That’s been the level since three cuts amounting to 25 basis points in October 2011, 50 bps in November 2011, and 25 bps last February. Indonesian interest rates bottomed […] More
New Overnight Developments Abroad - Daily Update
Less Market Anxiety than on Monday
December 11, 2012
There is less worry today about Italy’s political outlook, as hope exists that Prime Minister Monti will run as a politician in February elections and prevent Berlusconi from regaining control of the government. The FOMC’s two-day meeting begins today amid expectations for a sharp escalation by the central bank of its quantitative easing. Monthly ZEW […] More
