Central Bank Watch
Bank Indonesia
April 8, 2014
The BI rate will remain at 7.5% according to a released policy statement. It reached that level in November 2013 after hikes of 25 basis points that month as well as in September and June of last year, plus increases of 50 bps each in July and August. CPI inflation fell more than 0.4 percentage […] More
Central Bank Watch
Bank of Japan: No Change in Year-Old Policy Stance
April 8, 2014
As analysts expected, monetary officials in Japan left their policy unchanged after this week’s two-day meeting and released a statement that for the most part is no different from the one in March. Modifications were made in the paragraph dealing with growth and price conditions, and these were modest. Most notably, the following sentence was […] More
New Overnight Developments Abroad - Daily Update
European Equity Blues
April 8, 2014
Russian President Putin is at it again, accusing Ukraine of fomenting civil war in its eastern regions and apparently moving toward annexation of more Ukrainian territory into the Russian orbit of influence. Geopolitical risk depressed stocks in Europe by a further 1.6% in Spain, 1.4% in Italy, 0.9% in France and Britain and 0.8% in […] More
