Archive for January 14th, 2010

Central Bank Watch

For the sixth month in a row, the Central Bank of Chile left its interest rate at 0.5%. From a peak level of 8.25% over the final four months of 2008, monetary officials had previously cut the rate last year by 100 basis points in January, 250 bps each in February and March, 50 bps […] More

Central Bank Watch

After keeping the key overnight borrowing rate and lending rate at 6.5% and 9.0%, respectively, the Central Bank of the Republic of Turkey released a statement that predicted these “low” rates would be retained for “a long period of time.” A recent acceleration of inflation to an on-year 6.5% in December was blamed on base […] More

Tags: Turkey Posted in Central Bank Watch | Comments Off on Turkish Central Bank Rates to Stay Low For A Long Period of Time

Central Bank Watch

ECB President Trichet unveiled no new policy steps today, nor did his verbal characterization of the euro area economy and ECB policy intentions break any new ground through the addition of new ideas or deletions of prior ones. Current rates are appropriate. Growth, which continued to be positive last quarter, has benefited from some temporary […] More

New Overnight Developments Abroad - Daily Update

The ECB is expected to signal no rate hike for quite some time. Rate announcement arrives at 12:45 GMT. Press Conference begins at 13:30 GMT. The Nikkei rose 1.6%. Stocks also gained 1.4% in China, 1.1% in Taiwan, 0.9% in South Korea, 0.7% in Singapore, 0.5% in Indonesia, and 0.4% in Thailand, Malaysia and India. […] More

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