Archive for March 13th, 2013

Central Bank Watch

Reserve Bank of New Zealand Retains Record Low 2.5% Official Cash Rate

March 13, 2013

Two years have passed since the second of two serious earthquakes on the South Island, which was followed almost immediately by a 50-basis point Official Cash Rate cut to 2.5%.  Monetary policymakers decided not to change their key interest rate for the 20th time in 21 meetings, and a released statement declared that “at this […] More

New Overnight Developments Abroad - Daily Update

Waiting for ….

March 13, 2013

Investors await U.S. retail sales figures and several central bank policy decisions.  Meanwhile, stocks and sovereign debt yields are lower, and the dollar has been generally stable. U.S. import prices, retail sales and business inventories data arrive today. Central bank policy decisions are due Thursday in New Zealand, Switzerland, Norway, Chile, the Philippines, and South […] More