Archive for January 7th, 2013

Central Bank Watch

National Bank of Romania Keeps Key Interest Rate at 5.25%

January 7, 2013

The NBR Policy Board did not change the monetary policy rate, which has been at 5.25% since March 29, 2012 when the last of four 25-basis point cuts over a 5-month span was announced.  Nine earlier reductions in 2009-10 totaled 400 bps.  A statement from bank officials emphasized the need for prudence in light of […] More

New Overnight Developments Abroad - Daily Update

Somewhat Firmer Yen

January 7, 2013

The yen, which had fallen sharply over the past 1-1/2 months, has corrected upward 0.3% against the dollar.  Finance Minister Aso spoke hopefully that a formal change in the Bank of Japan law may prove unnecessary.  The dollar also has lost 0.4% against the kiwi and 0.2% versus the Australian dollar, but it rose 0.2% […] More