Central Bank Watch
Reserve Bank of Australia
February 5, 2013
The Board’s view is that with inflation likely to be consistent with the target, and with growth likely to be a little below trend over the coming year, an accommodative stance of monetary policy is appropriate. The inflation outlook, as assessed at present, would afford scope to ease policy further, should that be necessary to […] More
Central Bank Watch
National Bank of Romania
February 5, 2013
Romania’s monetary policy rate has not been changed since a 25-basis point cut to 5.25% in late March 2012, which culminated a sequence of four such moves that began in November 2011. Earlier, five reductions totaling 225 bps were implemented in 2009, and another four moves totaling 175 bps were done in 2010. The current […] More
Deeper Analysis
Service-Sector U.S.-Ezone Performance Gap Narrowed Last Month
February 5, 2013
The U.S. non-manufacturing purchasing managers index in January was at 55.2, about a half point less than forecast and down by a similar amount from December. Euroland’s services PMI of 48.6 was revised 0.3 points higher from its preliminary indication and 0.8 points above December’s score. As a result, the spread between the U.S. and […] More
New Overnight Developments Abroad - Daily Update
Weaker Yen and Australian Dollar
February 5, 2013
The U.S. currency rose overnight by 1.1% against the yen and 0.5% versus the Aussie dollar. The greenback lost 0.3% to the euro, 0.2% to the loonie and 0.1% relative to the yuan and Swiss franc. The buck is 0.1% firmer against the kiwi and sterling. French President Hollande wants a coordinated regional exchange rate […] More
