International Business News - Central Banks http://www.ibtimes.com/rss/feed/centralbanks%20.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/centralbanks%20.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif The monetary council of the CB cut the base rate by 50bp, to 6.50% today, in line with expectations. At the same time, the CB announced the widening of the interest rate corridor to +/- 100bp, from the earlier +/- 50bp, which came as a surprise. This effectively means that the interest rate on the overnight central bank deposits decreased by 100bp - from 6.50% to 5.50% - while the interest rate on overnight collateralized loans remained at 7.50%. http://www.ibtimes.com/articles/20091123/cb-base-rate-50bp-to50.htm http://www.ibtimes.com/articles/20091123/cb-base-rate-50bp-to50.htm Mon, 23 Nov 2009 11:10:47 EST According to a Fed member, the interest rates could rise in 2012. http://www.ibtimes.com/articles/20091118/bullards-comments-feds-adviser-15-35-cet.htm http://www.ibtimes.com/articles/20091118/bullards-comments-feds-adviser-15-35-cet.htm Wed, 18 Nov 2009 11:23:11 EST Yesterday's press release after the FOMC meeting hardly contained any news. The assessment of the economy was marginally improved. At the same, it was made clear (once again) that economic activity is to remain weak for a time, before a gradual return to higher levels of resource utilization set in. http://www.ibtimes.com/articles/20091105/short-note-us-fomc-meeting.htm http://www.ibtimes.com/articles/20091105/short-note-us-fomc-meeting.htm Thu, 05 Nov 2009 08:58:38 EST The Norges Bank rate decision is due to be announced on Wednesday at 13:00, with consensus looking for a 25bps rise to 1.5%. Rhetoric from central bankers has been explicitly hawkish in the last month, including Governor Gjedrem noting Norway rates were currently "extraordinarily low". http://www.ibtimes.com/articles/20091028/ibtimes-central-bank-preview-norges-bank-rbnz-boj-central-bank-central-bank-preview.htm http://www.ibtimes.com/articles/20091028/ibtimes-central-bank-preview-norges-bank-rbnz-boj-central-bank-central-bank-preview.htm Wed, 28 Oct 2009 06:43:31 EDT BoC Governor Carney reiterated that the strong CAD will act as a significant further drag on growth. http://www.ibtimes.com/articles/20091023/cad-another-warning.htm http://www.ibtimes.com/articles/20091023/cad-another-warning.htm Fri, 23 Oct 2009 11:40:09 EDT As widely expected, the Bank of Canada held the target for the overnight rate at 0.25%, consistent with its conditional commitment to keep rates at their effective lower bound through to the second quarter of 2010. http://www.ibtimes.com/articles/20091020/bank-canada-holds-steady-withslightly-more-pessimistic-tone.htm http://www.ibtimes.com/articles/20091020/bank-canada-holds-steady-withslightly-more-pessimistic-tone.htm Tue, 20 Oct 2009 13:24:55 EDT The RBNZ could hike its interest rates ... http://www.ibtimes.com/articles/20091019/rbnzs-inflation-expectations-15-15-cet.htm http://www.ibtimes.com/articles/20091019/rbnzs-inflation-expectations-15-15-cet.htm Mon, 19 Oct 2009 11:48:51 EDT Commitment of traders data released Friday October 16th showed a decrease in positions betting against the US Dollar last week. Significant changes include an increase in short positions betting on the Sterling to decrease in value, and an reduction in net long euro and Yen positions. http://www.ibtimes.com/articles/20091019/will-canada-raise-rates.htm http://www.ibtimes.com/articles/20091019/will-canada-raise-rates.htm Mon, 19 Oct 2009 09:48:10 EDT The introductory statement was almost identical to the previous month's. Small changes in the wording point to a slightly improved economic outlook ("Survey indicators continue to signal an ongoing stabilization of economic activity" sounded somehow more affirmative). http://www.ibtimes.com/articles/20091008/ecb-kept-interest-rates-unchanged-1.htm http://www.ibtimes.com/articles/20091008/ecb-kept-interest-rates-unchanged-1.htm Thu, 08 Oct 2009 12:51:45 EDT The Russian Central Bank bought 2.65 trillion dollars in the Forex markets in September. This intended to appreciate the ruble against the dollar. http://www.ibtimes.com/articles/20091007/russias-central-bank-operations-forex-16-50-cet.htm http://www.ibtimes.com/articles/20091007/russias-central-bank-operations-forex-16-50-cet.htm Wed, 07 Oct 2009 13:42:17 EDT IMF Deputy Managing Director Kato, while warned against disorderly forex moves, opined that the current levels reflect broadly fundamentals. http://www.ibtimes.com/articles/20091007/jpy-imf-kato-comments-on-yen-moves.htm http://www.ibtimes.com/articles/20091007/jpy-imf-kato-comments-on-yen-moves.htm Wed, 07 Oct 2009 11:09:36 EDT A tepid economic recovery should allow the U.S. Federal Reserve to keep interest rates at rock-bottom lows for a prolonged period, New York Federal Reserve President William Dudley said on Monday. http://www.ibtimes.com/articles/20091005/feds-dudley-says-rates-stay-low-forlong-time.htm http://www.ibtimes.com/articles/20091005/feds-dudley-says-rates-stay-low-forlong-time.htm Mon, 05 Oct 2009 18:52:05 EDT At its today's rate setting meeting, the monetary council cut the base rate by 50bp, to 7.50%. The decision did not come as a surprise, as it was in line with both our expectation and the market consensus. According to statement of the council, the economic growth is expected to resume in the middle of 2010. The medium-term inflation outlook is seen as favorable. http://www.ibtimes.com/articles/20090929/nbh-base-rate-50bp-to50.htm http://www.ibtimes.com/articles/20090929/nbh-base-rate-50bp-to50.htm Tue, 29 Sep 2009 05:41:42 EDT The Swiss National Bank, The European Central Bank, the Narodowy Bank Polski and the Magyar Nemzeti Bank announced on Thursday that they will continue to provide francs to the local banks through FX swaps. http://www.ibtimes.com/articles/20090925/chf-central-banks-keep-on-providing-eurchf-swaps.htm http://www.ibtimes.com/articles/20090925/chf-central-banks-keep-on-providing-eurchf-swaps.htm Fri, 25 Sep 2009 11:45:43 EDT Norges Bank's Governor Svein Gjedrem said that 5% is Norway's "normal" interest rate (policy rate is at 1.25%). http://www.ibtimes.com/articles/20090925/eurnokcalled-norways-normal-interest-rate.htm http://www.ibtimes.com/articles/20090925/eurnokcalled-norways-normal-interest-rate.htm Fri, 25 Sep 2009 11:43:12 EDT BoC's Governor Carney said the bank is monitoring the CAD to assess if its surge is justified by fundamentals. http://www.ibtimes.com/articles/20090925/cad-boc-monitoring-exchange-rate.htm http://www.ibtimes.com/articles/20090925/cad-boc-monitoring-exchange-rate.htm Fri, 25 Sep 2009 11:39:30 EDT Comments by a member of the Monetary Policy Committee that early tightening would harm the economy weakened the GBP before the release of the MPC minutes, which spread confidence with a 9:0 vote against further easing. http://www.ibtimes.com/articles/20090923/gbp-shaken-central-bank-communication.htm http://www.ibtimes.com/articles/20090923/gbp-shaken-central-bank-communication.htm Wed, 23 Sep 2009 12:11:40 EDT The markets took this news as negative, as the euro is losing ground against the yen and sterling. http://www.ibtimes.com/articles/20090916/eurozones-cpi-line-with-expectations-11-10-cet.htm http://www.ibtimes.com/articles/20090916/eurozones-cpi-line-with-expectations-11-10-cet.htm Wed, 16 Sep 2009 09:12:44 EDT China reduced its holdings of U.S. Treasury debt in June by the biggest percentage in nearly nine years, according to Reuters historical data and a Treasury Department report issued on Monday. http://www.ibtimes.com/articles/20090817/china-cuts-treasury-holdings-june.htm http://www.ibtimes.com/articles/20090817/china-cuts-treasury-holdings-june.htm Mon, 17 Aug 2009 12:48:36 EDT Wednesday, the Bank of England said in its latest quarterly Inflation Report that the CPI inflation is likely to drop further below its target in the coming months. http://www.ibtimes.com/articles/20090812/boe-sees-inflation-below-target-in-months-ahead-expects-slow-recovery.htm http://www.ibtimes.com/articles/20090812/boe-sees-inflation-below-target-in-months-ahead-expects-slow-recovery.htm Wed, 12 Aug 2009 08:51:00 EDT