Central Bank Watch
Bank of the Republic of Colombia — Rate Cut Review
January 28, 2013
Colombia’s central bank intervention interest rate was cut for a third straight time and the fifth time in seven months. The rate is now at 4.0%, down from 5.25% from February 2012 through July 2012. The rate had previously been raised from 3.0% prior to February 2011. The current easing trend has happened against the […] More
Central Bank Watch
Bank of Israel: No Policy Change after January Meeting
January 28, 2013
Monetary policymakers did not change policy this month but released a statement that was ambivalent about the next change either as to direction or timing. Analysts were somewhat surprised when the Monetary Policy Committee cut their benchmark interest rate by 25 basis points to 1.75% in December. That was the fourth such reduction of 2012 […] More
New Overnight Developments Abroad - Daily Update
Abe Government’s Yen Policy Criticized
January 28, 2013
Japan has drawn a wide range of foreign criticism from South Korea to the ECB for encouraging a weak yen. Fresh lows of 91.27 per dollar and 122.94 per euro were touched overnight, but on balance Japan’s currency has edged up 0.1% against the U.S. currency from Friday’s closing level. A risk exists that next […] More
