Archive for January 11th, 2013

Central Bank Watch

Bank of Korea Releases Dovish Statement

January 11, 2013

The Bank of Korea became the fifth central bank in two days to leave its stance unchanged.  The seven-day Korean repo rate was left at 2.75% for a third straight time following this month’s meeting of the Monetary Policy Committee.  The statement released by authorities leaves the door open to another rate cut, however, by […] More

New Overnight Developments Abroad - Daily Update

Some Discouraging Data at Week’s End

January 11, 2013

Japan reported a JPY 222 billion unadjusted current account deficit for November and a 4.2% on-year decline in exports.  There was a customs clearance trade deficit of JPY 751 billion in the first twenty days of December.  The seasonally adjusted current account surplus was 45% smaller at JPY 226 billion in November than October’s surplus. […] More