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
