Bank of England minutes

Spotlight on Japan

September 19, 2012

The Bank of Japan expanded quantitative stimulus but did not exceed market expectations.  The actions taken by the Policy Board of the BOJ depressed the yen to as low as 79.23 per dollar, but its net overnight drop was just 0.3% against the dollar.  The greenback also rose 0.3% against the euro, 0.2% relative to […] More

Lower Long-Term Interest Rates and a Focus on Monetary Policies

July 18, 2012

The yields on 10-year German bunds, British gilts and Japanese JGBs edged down by three, two and one basis points.  A drop is also signaled in U.S. Treasury yields.  Over the month since June 18, German bund and British gilt yields have dropped by 21 and 18 basis points.  Treasury and JGB yields are down […] More

Focus Shifts to FOMC Meeting from Los Cabos Summit

June 20, 2012

The G20 summit in Mexico wound down with words of commitment from European delegates to fix their problems and preserve the common currency as well as expressions of support from other world leaders for efforts being taken.  Typically, there was more talk than actual action.  Attention next turns to today’s FOMC meeting and Chairman Bernanke’s […] More

Stronger Yen and Sharply Lower Share Prices

May 23, 2012

Equities have plunged 2.0% in Japan, 1.8% in Taiwan, 1.5% in Singapore, 1.3% in Australia and Hong Kong, 1.1% in South Korea, 1.0% in Indonesia, 0.6% in India and New Zealand and 0.4% in China.  In Europe, mounting fear surrounding Greece’s options saw stocks drop by 2.2% in France and Spain, 3.0% in Italy, 2.0% […] More

Better Market Tone of Yesterday Holding So Far… A Big ECB 3-Year Infusion of Bank Liquidity Helped

December 21, 2011

Equities in the Pacific Rim mostly rose, advancing 4.6% in Taiwan, 3.4% in South Korea and India, 2.1% in Australia, 2.3% in Singapore, 1.9% in Hong Kong, 1.5% in Japan and 1.4% in Malaysia.  An exception to the trend was a 1.6% drop in Chinese share prices, but in Europe, stocks have recovered by a […] More

Spotlight on Fed and Other Central Banks

January 26, 2011

The Federal Open Market Committee meets today for the first of eight scheduled dates in 2011.  A statement at 19:15 GMT is not expected to modify policy. Minutes from the Bank of England’s January 12-13 meeting revealed a second dissenter in favor of raising the Bank Rate by 25 basis points and a majority somewhat […] More