Central Bank Watch
Bank of Mexico’s Overnight Lending Rate Left at 4.5%
January 18, 2013
By central banking standards, Mexican monetary policy has been uncharacteristically steady for the past 3-1/2 years. Over the first seven months of 2009, the Bank of Mexico’s reference interest rate was lowered by a total of 375 basis points from 8.25% to 4.50%, but the last of those cuts, a 25-bp reduction in July, was […] More
Foreign Exchange Insights and Next Week
Next Week
January 18, 2013
The Bank of Japan’s Policy Board meeting on Monday and Tuesday is eagerly awaited. Central banks in Canada, South Africa, Turkey and the Philippines are also scheduled next week. The Bank of Canada will be publishing a quarterly update of its Policy Report. Bank of Japan and Bank of England minutes of prior policy meetings […] More
New Overnight Developments Abroad - Daily Update
Focus on Algeria, China, Japan, and Britain
January 18, 2013
Algerian forces stormed the gas plant where foreign workers had been held hostage by militants, and some of the hostages were killed in the ensuing battle. Details are unclear at this time. This crisis caused British Prime Minister Cameron to postpone his speech on Britain’s relationship to the EU in the future. No make-up time […] More
