Archive for June 17th, 2013

Central Bank Watch

Reserve Bank of India Passes in June

June 17, 2013

The RBI already had cut its repo and reverse repo rates three times this year in reductions of 25 basis points at its January, March and May meetings.  An earlier easing of 50 bps was implemented 14 months ago in April 2012.  The key lending and borrowing rates are now 7.25% and 6.25%, and the […] More

New Overnight Developments Abroad - Daily Update

Shifting Expectations about the Fed Support Equities

June 17, 2013

All the market talk over the past month about the Fed tapering quantitative easing had seemed premature, and as the FOMC meeting on Wednesday now draws near, investors are dumbing down their expectations for such a signal.  Share prices as a result recovered 2.7% in Japan, 1.2% in Hong Kong, 0.8% in India, 0.7% in […] More