Archive for October 8th, 2013

Central Bank Watch

Bank Indonesia: No Rate Change

October 8, 2013

The BI interest rate has previously been raised by 25 basis points in June, 50 bps in both July and August and 25 bps in September.  The rate cumulatively rose from 5.75%, the level since February 2012 to the current level of 7.25% in a response to elevated inflation and rupiah depreciation that was aggravating […] More

New Overnight Developments Abroad - Daily Update

Firmer Australian Dollar after Data

October 8, 2013

The Australian dollar advanced 0.5% against its U.S. counterpart, buoyed by upbeat Aussie data showing a 1.1% jump in September job ads, a 31-month high in business confidence, and a 4-month high in business conditions.  Prospects for further monetary relief are fading in Australia. There’s no sign of any progress toward a U.S. budget deal, […] More