Archive for May 17th, 2013

Deeper Analysis

The Disinflation Story: More Evidence

May 17, 2013

This article updates an earlier blog entry posted two weeks ago.  The latest exhibit of global disinflation comes from Canadian April consumer price data released today.  On-year total inflation in Canada of 0.4% was sharply less than the 2.0% 12-month increase in the year to April 2012.  Excluding food and energy, consumer prices advanced 0.7%, […] More

Central Bank Watch

Central Bank of Chile

May 17, 2013

The central bank board left the monetary policy interest rate at 5.0%, its level since a sole 25-basis point cut in January 2012.  Previously, the rate was raised 475 basis points in a dozen moves between June 2010 and June 2011 after having been cut by 775 bps to 0.5% during the first seven months […] More

New Overnight Developments Abroad - Daily Update

Dollar Nicely Bid this Friday

May 17, 2013

Fresh impetus for a firm dollar was provided by San Francisco President Williams.  Usually aligned with Bernanke, he expressed growing confidence in the U.S. labor market and suggested that quantitative easing could be scaled back by summer. The dollar has climbed especially against commodity-sensitive currencies like the loonie (0.7%), kiwi (0.6%) and Aussie dollar (0.5%).  […] More