Central Bank Watch
A Larger Interest Rate Cut by the Central Bank of the Republic of Colombia
March 22, 2013
Monetary policymakers in Bogota eased policy for the fifth straight month and for the seventh time since their meeting last July. While the first six rate cuts were by 25 basis points, the increment was doubled to 50 bps today. The accrued reduction of 200 bps over this span offsets all by 25 bps of […] More
Foreign Exchange Insights and Next Week
Next Week
March 22, 2013
Next week is the last one of March and the first calendar quarter, as well as the end of Japan’s fiscal year. The week will be a shortened one because of the Good Friday holiday. Among markets observing the holiday are Germany, Switzerland, Britain, France, Spain, Italy, Sweden, Australia, New Zealand, Canada, the United States, […] More
New Overnight Developments Abroad - Daily Update
Still No Resolution in Cyprus
March 22, 2013
The Cypriot government has until Monday to raise EUR 5.8 billion, or the country will not receive bailout money from the ECB troika. A rumor that Laiku Bank might close sent depositors scrambling to ATMs. Not much data were released overnight. The IFO business climate index for Germany was the main item, and it was […] More
