Archive for February 20th, 2013

Central Bank Watch

Bank of Thailand

February 20, 2013

Thailand’s Monetary Policy Committee decided to leave the 2.75% one-day repo rate unchanged even though it’s revising upcoming growth a bit higher and concedes that inflation is up somewhat as well because of elevated energy costs.  Nevertheless, there was one dissent in favor of a 25-basis point cut in today’s 6-1 vote.  The prior no-change […] More

New Overnight Developments Abroad - Daily Update

Weaker Sterling and Kiwi

February 20, 2013

Dovish gestures from the Governors of the Bank of England and Reserve Bank of New Zealand are weighing on their respective currencies. BOE Governor King, whose 10 years on that job end at mid-2013, joined the minority in a 6-3 vote not to expand quantitative easing according to minutes of the February 6-7 meeting.  This […] More