Foreign Exchange Insights and Next Week
Next Week
January 17, 2014
Central banks in Canada, Japan, the Philippines, Thailand, Turkey and Hungary are scheduled to hold interest rate-deciding meetings next week. The Bank of Canada releases a quarterly Monetary Policy Report, and the Bank of England will be publishing minutes from its policy meeting held earlier this month. The Bank of Japan’s monthly economic assessment arrives. […] More
Central Bank Watch
Central Bank of Chile Holds Interest Rate Steady
January 17, 2014
There was no rate reduction this time for a second straight monthly meeting, but a statement from Bank officials retains a policy bias toward easing: The Board estimates that in the coming months it might be necessary to increase the monetary stimulus to ensure that projected inflation will stand at 3% in the policy horizon. On-year […] More
New Overnight Developments Abroad - Daily Update
Sterling Boosted by Robust U.K. Retail Sales Data
January 17, 2014
British retail sales leaped 2.6% on month in December, lifting the 12-month increase threefold to 5.3%. Non-auto sales went up 2.8% from November and by 6.1% from a year earlier. The Japanese cabinet upgraded its assessment of the economy to “recovering at a moderate pace” from December’s view that the “economy is on the way […] More
