Archive for February 25th, 2013

Central Bank Watch

Bank of Israel: No Rate Change

February 25, 2013

Israel’s key policy interest rate has been 1.75% since a 25-basis point cut in December.  Such was the fourth cut of 2012 following ones in January, June and October, and the sixth overall since September 2011.  Each of those cuts was by 25 basis points.  From early 2009 through May 2011, the rate had been […] More

New Overnight Developments Abroad - Daily Update

Investors More Upbeat on Two Developments

February 25, 2013

It does not look like Berlusconi did well in Italian parliamentary elections, which end today.  The three-time former center-right prime minister and opponent of externally imposed austerity needed a strong voter turnout, and such has been smaller thus far than expected. European stocks in response have jumped sharply by 2.3% in Germany, 2.1% in Italy, […] More