Central Bank Watch
Central Bank of Brazil
January 16, 2013
Copom, Brazil’s monetary policy committee, left its Selic rate unchanged at a record low of 7.25%, where such has been since a 25-basis point cut in October and released a statement that acknowledged higher inflation but stressed that this development should be temporary. Considering the balance of risks to inflation, which gets worse in the […] More
Deeper Analysis
U.S. Inflation and Unemployment
January 16, 2013
U.S. inflation is significantly under long-term norms. Consumer prices rose 1.7% between the end of 2011 and end-2012. By comparison, the CPI rose 3.0% in the previous twelve months. Over the five years to December 2012, CPI inflation averaged 1.8% per year compared to average inflation of 3.0% during the past 30 years and 3.6% […] More
New Overnight Developments Abroad - Daily Update
More Comments from Officials about Foreign Exchange Values
January 16, 2013
Outgoing EU President Jean-Claude Juncker complained that the euro’s rise posed risks to the Ezone economy. ECB Council member Nowotny said central bank officials aren’t worried about the stronger euro. Japanese Chief Cabinet Secretary Suga said the yen is correcting from previous strength and that officials are not purposely trying to resist the correction. Investors […] More
