Archive for April 3rd, 2013

Central Bank Watch

Bank of Thailand Interest Rate Kept at 2.75%

April 3, 2013

Thailand’s central bank interest rate has been at 2.75% since a string of three 25-basis point cuts in November 2011, January 2012 and October 2012.  This level remains a full 1.5 percentage points above the Great Recession trough of 1.25% that prevailed from August 2009 until July 2010.  Nine subsequent hikes were administered to a […] More

New Overnight Developments Abroad - Daily Update

Currencies Marking Time Ahead of Key Central Bank Meetings

April 3, 2013

The dollar is unchanged against the euro, Swiss franc, yuan and sterling.  The greenback has risen 0.1% relative to the yen and Aussie dollar but dipped 0.2% versus the kiwi and by 0.1% against the loonie. The Japanese Nikkei rebounded from a 1.1% drop on Tuesday with an impressive 3.0% leap on Wednesday, as the […] More