Archive for October 16th, 2013

Central Bank Watch

Bank of Thailand

October 16, 2013

For the third meeting in a row, officials at Thailand’s central bank voted to retain a 2.5% policy interest rate.  The decision was as analysts expected and unanimous.  August’s decision had one dissenter, while the July vote had been unanimous.  The most recent rate change, a 25-basis point cut decided unanimously last May, was the […] More

New Overnight Developments Abroad - Daily Update

Hot Air and More Black Smoke from the U.S. Congress

October 16, 2013

The Fitch rating agency placed U.S. sovereign debt on Watch Negative, claiming that permanent damage may already have begun. After the U.S. House of Representative again failed to take a vote, effort reverted to the Senate.  Although a deal with agreement by both chambers before the original debt ceiling deadline of October 17 (Thursday) seems […] More