Central Bank Watch
No Change Made in Indonesia’s Central Bank Reference Rate
May 14, 2013
Bank Indonesia’s main interest rate has been at a record low of 5.75% since a 25-basis point cut in February 2012 culminated a 100-bp three-step easing engineered within a four-month span. Only one hike of 25 basis points in February 2011 had followed 300 bps of easing between December 2008 and August 2009. The words […] More
New Overnight Developments Abroad - Daily Update
Data Highlight Disinflation But Bond Yields Rise
May 14, 2013
The 10-year Japanese JGB yield jumped another ten basis points to 0.84%. The 30-year JGB auction had a yield of 1.775%, 28 basis points higher than the prior one. Ten-year German bund and British gilt yields are a basis point firmer. Spain’s auctions of six- and twelve-month sovereign paper drew a decent response with lower […] More
