Archive for November 12th, 2013

Central Bank Watch

Indonesia Gets Fifth Central Bank Interest Rate Hike Since June

November 12, 2013

The Board of Governors of Bank Indonesia hiked the BI interest rate to 7.5% from 7.25% in a move that surprised many analysts.  This increased followed hikes of 25 basis points in June, 50 bps in July and August, 25 bps in September but no change in October.  The key interest rate has thus climbed […] More

New Overnight Developments Abroad - Daily Update

Sinking Confidence amid Disinflation

November 12, 2013

The dollar strengthened overnight by 0.7% against sterling, 0.5% versus the yen and kiwi, 0.4% relative to the Australian dollar, 0.2% against the loonie and 0.1% vis-a-vis the euro and Swiss franc.  The yuan remains unchanged. Pacific Rim equities varied widely.  Japan’s Nikkei jumped 2.2%, and stocks also gained 1.0% in china and 0.9% in […] More