Archive for March 11th, 2014

Central Bank Watch

Bank of Japan’s Last Meeting Before the Consumption Tax Hike Ends Without a Policy Change

March 11, 2014

Officials decided yet again that a year-old policy is achieving desired results and showing adequate progress.  The policy commits to Buying JGBs at an annual pace of JPY 50 trillion. Running a virtual zero interest rate policy with an objective overnight rate of 0.0-0.1%. Doubling the average maturity of the BOJs JGB portfolio to seven […] More

New Overnight Developments Abroad - Daily Update

Slow Day So Far

March 11, 2014

The U.S. dollar gained 0.2% overnight against the euro, Swissie and sterling and 0.1% versus the yen and loonie.  The greenback is unchanged relative to the Australian dollar and yuan and down 0.1% against the kiwi. Share prices in the Pacific Rim rose 1.1% in Thailand, 0.7% in Japan, 0.6% in Indonesia, 0.5% in China […] More