Archive for October 11th, 2013

Central Bank Watch

Central Reserve Bank of Peru Leaves Key Interest Rate Unchanged at 4.25%

October 11, 2013

The last Peruvian interest rate change by the BCRP was a 25-basis point hike on May 12, 2011 that capped a 10-step, 300 basis point tightening begun in May 2010.  Reserve requirements had earlier been cut in three straight months. In a statement released yesterday, monetary officials explained their latest decision: This decision is based […] More

New Overnight Developments Abroad - Daily Update

Budget Deal Not Finalized Yet

October 11, 2013

A meeting between congressional republicans and President Obama ended yesterday without a finalized extension of the debt ceiling. In overnight trading, Equities advanced by 1.6% in Australia and China, 1.5% in Japan, 1.3% in India, 1.2% in Hong Kong and South Korea, 0.8% in the Philippines and 0.5% in New Zealand. European stocks, by comparison, […] More