Central Bank Watch
Czech National Bank
June 27, 2013
Monetary officials decided to keep the two-week repo rate at 0.05%, its level since a 20-basis point cut last November. Inflation risks lie to the downside, and growth last quarter was negative and worse than assumed in both quarterly and on-year terms. A statement speaks of a greater readiness to engage in currency market intervention […] More
Central Bank Watch
Central Bank of the Republic of China (Taiwan)
June 27, 2013
Taiwan’s discount rate was left unchanged at 1.875%, where such has been for the past two years. The unanimous vote to keep the status quo was anticipated. Based on an assessment of lingering global economic uncertainties, a mild recovery of the domestic economy and subdued inflationary pressures, the Board judged that the current policy stance […] More
New Overnight Developments Abroad - Daily Update
Many Data Releases as Midyear Draws Near
June 27, 2013
Stocks rallied further in Asia but not Europe. Share prices increased 3.0% in Japan, 2.9% in South Korea, 3.4% in the Philippines, 1.9% in Indonesia, 1.8% in India, 1.7% in Australia, and 1.3% in Taiwan but slid 0.4% in China and Singapore. Equities in Europe are down 1.0% in Spain and 0.1% in Italy, unchanged […] More
