Posts Tagged ‘Bank’
The Magyar Nemzeti Bank held its central bank base rate unchanged at 7.00%. The Bank said: “In the Council’s judgement, the Hungarian economy is likely be stagnant next year, with growth expected to resume only in 2013. The level of output will remain below its potential over the entire forecast period. As the effects of the indirect [...]
The Central Bank of the Republic of Turkey kept its benchmark 1-week repo rate unchanged at 5.75%. The Bank said: “The Committee has indicated that tight monetary policy stance should be maintained for a while in order to keep inflation outlook consistent with the medium term targets. However, given the prevailing uncertainties regarding the global economy, it [...]
The Central Bank of Kenya held the benchmark lending rate unchanged at 18.00%, and held the Cash Reserve Ratio at 5.25%. The central bank Governor, Njuguna Ndung’u, said: “The information analysed by the Committee showed that inflation is projected to ease further in early 2012. This outcome is a consequence of the monetary policy stance, the appreciation [...]
The Banco de Cabo Verde (Bank of Cape Verde) increased its minimum cash availability ratio (DMC) by 200 basis points to 18.00% from 16.00%, and its base interest rate by 150 basis points to 5.75% from 4.25% previously. The Standard Lending Facility rate will be 8.75% and the Absorption Standing Facility Rate will be 3.25%. [...]
The US President, Barack Obama, has signed into law new sanctions on Iran’s central bank that will punish foreign financial institutions that do business with Iran’s central bank, The Central Bank of the Islamic Republic of Iran. The new sanctions will begin taking effect in 60 days, but the tougher sanctions will come in around [...]
The Central Bank of the Republic of China (Taiwan) held its discount rate unchanged at 1.875% and the collateralized loan rate at 2.250% and the unsecured loans rate at 4.125%. Bank Governor, Perng Fai-nan, said: ”Overall, Taiwan’s economy continues to register moderate growth amid global economic uncertainties, while the 2012 price trends still require close monitoring. In addition, [...]
By The Sizemore Letter
A picture is worth a thousand words:
The ECB’s efforts to halt the European sovereign debt crisis have left the bank with a bloated balance sheet that is likely to get a lot bigger. If Spanish or Italian bond yields have another upward spike, expect the ECB to come to the rescue–whether Germany’s [...]
By The Sizemore Letter
With Europe’s politicians continuing to stumble from one summit to another without a realistic plan for resolving the sovereign debt crisis, the one European institution that is keeping the entire system afloat is the European Central Bank. The ECB gave the capital markets a boost earlier this month when it announced that [...]
The Magyar Nemzeti Bank hiked its central bank base rate by another 50 basis points to 7.00% from 6.50% to help boost the forint. The Bank said: “The Monetary Council decided to raise the base rate by 50 basis points in view of increased perceptions of the risks associated with the economy and upside risks to inflation. [...]
The Reserve Bank of India [RBI] paused its repo rate at 8.50% and also held the reverse repo rate at 7.50%, and cash reserve ratio at 6 percent. The RBI said: “On the domestic front, growth is clearly decelerating. This reflects the combined impact of several factors: the uncertain global environment, the cumulative impact of past monetary policy [...]
