Archive for January 15th, 2013

Central Bank Watch

Russian Monetary Policy Statement

January 15, 2013

A statement released after this month’s interest rate policy meeting at Bank Rossii deleted the following sentence that had been inserted in the December 2012 statement: “Considering recent domestic and international macroeconomic developments the Bank of Russia judges that the current level of money market interest rates is appropriate for the near future.”  This deletion […] More

New Overnight Developments Abroad - Daily Update

Yen Recovers over 1.0% after Official’s Comment

January 15, 2013

A wave of yen short-covering followed Economics Minister Amari’s warning against an excessive slide of the currency. German GDP growth slowed to 0.7% last year, a shade less than analysts anticipated, from 3.0% in 2011 and 4.2% in 2010.  The Fitch credit rating agency said a downgrade of the U.S. rating could be a consequence […] More