Archive for December 11th, 2012

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