Archive for January 18th, 2013

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