Central Bank Watch
A Second Central Bank Interest Rate Hike in Brazil
May 29, 2013
BrasÃlia-Giving continuation to the basic interest rate adjustment, the Copom decided unanimously to raise the Selic rate to 8.00% per year, without bias. The Committee notes that this decision will contribute to put inflation on the decline and ensure that this trend will continue next year. In several ways, today’s decision by the Central Bank […] More
Central Bank Watch
Bank of Canada Affirms Existing Policy Stance
May 29, 2013
The fourth of eight scheduled interest rate policy meetings in 2013 ended with the expected decision to keep a 1.0% overnight rate target and the release of a statement that affirms the price and growth forecasts published in the April Monetary Policy Report and the policy implications of that outlook. With continued slack in the […] More
Central Bank Watch
Monetary Policy Eased in Thailand
May 29, 2013
The Bank of Thailand’s policy interest rate has been reduced for the first time in 7-1/2 months. The cut of 25 basis points to 2.5% was expected by only about half of surveyed analysts. A statement from monetary officials left open the possibility to further easing if needed and explained today’s action as follows: Downside risks […] More
New Overnight Developments Abroad - Daily Update
Fresh Anxiety Grips Financial Community
May 29, 2013
Share prices have slumped by 1.6% in Hong Kong and Germany, 1.4% in France, and 0.7% in Spain and Italy. Japan’s Nikkei edged up 0.1%, and the British Ftse is over 1% stronger. Sovereign debt yields continue to climb faster than officials would like to see. The U.S. 10-year treasury yield is getting closer to […] More
