Archive for March 22nd, 2013

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