larrygreenberg @ June 18, 2013 # No Comment Yet
Along side images from Syria and Afghanistan, the international press has been full of photos from Turkey over the past fortnight depicting extreme civil unrest — just the kind of backdrop one might expect to create volatile capital movements.…
larrygreenberg @ June 18, 2013 # No Comment Yet
Whether, when, and by how much to taper quantitative stimulus is the question of the day, as the FOMC meets on the first day of a 2-day meeting. Creating even more uncertainty, President Obama while attending the G8 summit indicated that Chairman…
larrygreenberg @ June 17, 2013 # Comments Off
The RBI already had cut its repo and reverse repo rates three times this year in reductions of 25 basis points at its January, March and May meetings. An earlier easing of 50 bps was implemented 14 months ago in April 2012. The key lending …
larrygreenberg @ June 17, 2013 # Comments Off
All the market talk over the past month about the Fed tapering quantitative easing had seemed premature, and as the FOMC meeting on Wednesday now draws near, investors are dumbing down their expectations for such a signal. Share prices as a resul…
larrygreenberg @ June 16, 2013 # Comments Off
The most significant central bank policy event of the coming week will be the FOMC statement on Wednesday, which will be accompanied by new forecasts and followed by a Bernanke press conference. There are also scheduled interest rate meetings at …
larrygreenberg @ June 14, 2013 # Comments Off
Stocks partly recovered in the Pacific Rim, rising 1.9% in Japan, 2.0% in Australia, 4.4% in Thailand, 3.3% in Indonesia, 2.1% in the Philippines, 1.1% in Malaysia, 1.9% in India, 1.0% in Singapore, 0.7% in China, and 0.4% in New Zealand, Hong Kong and…
larrygreenberg @ June 14, 2013 # Comments Off
It’s been a very volatile statement week through Thursday for bonds, stocks, and certain currency relationships like dollar/yen, NZD/USD, and AUD/USD, all of which traded in a high-low band today of 2.7-2.4% in width. Unlike most of the the…
larrygreenberg @ June 13, 2013 # Comments Off
A day after raising the overnight deposit rate to 4.25% from 4.0%, officials at Indonesia’s central bank took the more significant step of also lifting the main Bank Indonesia Rate to 6.0% from 5.75%, its level since a 25-basis point cut in Febru…
larrygreenberg @ June 13, 2013 # Comments Off
Officials at this year’s fourth interest rate policy meeting voted to leave the overnight borrowing and lending rates at 3.5% and 5.5%, respectively, and did not cut the Special Deposit Rate any further. Such was sliced on January 24, March…
larrygreenberg @ June 13, 2013 # Comments Off
Officials at the Bank of Korea voted unanimously to retain a 2.5% seven-day repo rate this month. There had been three cuts of 25 basis points since mid-2012, most recently last month. A statement from the central bank calls the pace of eco…