Archive for December 26th, 2013

Central Bank Watch

Central Bank of the Republic of China (Taiwan)

December 26, 2013

After a quarterly review, Taiwanese monetary policymakers released a statement that justified keeping the country’s accommodative monetary policy.  The central bank interest rate has been 1.875% since five 12.5-basis point increases between mid-2010 and mid-2011.  The statement also reaffirmed a role for currency market intervention to counter disorderly market conditions. The interest rate level was […] More

New Overnight Developments Abroad - Daily Update

Boxing Day Observances Keep Markets Quiet

December 26, 2013

A mixed dollar shows gains of 0.3% against the yen and loonie, 0.2% versus the Swiss franc and kiwi and 0.1% relative to the yuan and euro but declines of 0.7% against sterling and 0.5% vis-a-vis Australian dollar. Having climbed above 16,000 on Wednesday for the first time since December 2007, Japan’s Nikkei rose another […] More