Archive for February 22nd, 2013

Central Bank Watch

Central Bank of the Republic of Colombia Cuts Interest Rate as Expected

February 22, 2013

A sixth 25-basis point interest rate reduction since July 2012 was announced by Colombia’s central bank in a unanimous 5-0 vote after “taking into account that the Colombian economy is growing below its potential, observed and projected inflation lie below the 3% target, and nowhere can be seen upward pressures on it in the near […] More

Foreign Exchange Insights and Next Week

Next Week

February 22, 2013

The coming week has two enormously important political events, Italy’s parliamentary election on Sunday and Monday, the outcome of which which will influence whether that country implements promised austerity and other reforms.  Friday is the sequestration deadline in the United States.  Estimates vary on how great a drag on growth and confidence such will exert […] More

Deeper Analysis

All Quiet on the North American Inflation Front

February 22, 2013

Very subdued January CPI data were reported by the United States yesterday and Canada today.  U.S. consumer prices were unchanged on month for the second time in a row following a 0.2% dip in November.  A 1.6% 12-month rate of increase was the lowest in a half year and down from 2.9% in the previous […] More

New Overnight Developments Abroad - Daily Update

Stronger Tone in Equities

February 22, 2013

Stocks in Europe are up 1.4% in Italy, 1.3% in Spain, 1.7% in France, 1.0% in Germany, and 0.8% in Britain.  Share prices rose 0.7% in Japan, 1.1% in New Zealand, 0.8% in Australia, 0.5% in Hong Kong, 0.4% in Indonesia and 0.2% in South Korea, but China’s market fell by 0.5%. The U.S. dollar […] More