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EconGrapher (< 20)

October 2011



Monetary Policy Week in Review - 30 Oct 2011

October 29, 2011 – Comments (0)

The past week in monetary policy saw 15 central banks announce interest rate decisions.  Those that increased interest rates were: India +25bps to 8.50%, and Mongolia +50bps to 12.25%, while those that decreased interest rates were: The Gambia -100bps to 14.00%, Sierra Leone -300bps to 20.00%, and Georgia -25bps to 7.25%.  Also announced was Angola's central bank setting its new benchmark interest rate at 10.50%.  The central banks that held interest rates unchanged were: Israel 3.00%, Canada 1.00%, Hungary 6.00%, New Zealand 2.50%, Japan 0-0.10%, Russia 8.25%, Namibia 6.00%, Sweden 2.00%, and Colombia 4.50%.  Also in the news was the Bank of Japan announcing a 5 trillion yen addition to its quantitative easing program.

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Monetary Policy Week in Review - 22 Oct 2011

October 21, 2011 – Comments (0)

The past week in monetary policy saw interest rate decisions announced by 7 central banks.  The only bank to announce a change to its main monetary policy  interest rate was the Banco Central do Brasil, which cut its interest rate by another 50 basis points to 11.50%.  Meanwhile the other central banks held their key interest rates unchanged: Botswana 9.50%, Norway 2.25%, Thailand 3.50%, Ghana 12.50%, Philippines 4.50%, and Turkey 5.75%.  A common theme mentioned by the central bankers was concern over signs of slowing global growth and the potential risks arising from the ongoing sovereign debt crisis in Europe.
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Monetary Policy Week in Review - 15 October 2011

October 15, 2011 – Comments (0)

The past week in monetary policy featured monetary policy decisions from 12 central banks around the world.  Those that increased interest rates were: Nigeria +275bps to 12.00% and Belarus +500bps to 35.00%.  Meanwhile those that reduced interest rates were: Pakistan -150bps to 12.00%, and Indonesia -25bps to 6.50%.  Those that held interest rates unchanged included: Sri Lanka 7.00%, Kazakhstan 7.50%, South Korea 3.25%, Mozambique 16.00%, Egypt 8.25%, Chile 5.25%, and Mexico 4.50%.  The Monetary Authority of Singapore also eased monetary policy settings, noting that it would continue with a policy of modest and gradual appreciation of its currency.

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China Property Update - What's going on?

October 08, 2011 – Comments (0) | RELATED TICKERS: CYB , FXI , FXP

Just a quick update on the Chinese property market. I tend to keep one eye on the Soufun 100-city index, and the other eye on the NBS 70-city data. Of course it is somewhat fraught to look at an aggregated-up index over such a vast and diverse country, but the trend is still very important for macro analysis of China given the strong link of fixed asset investment, government revenue, private wealth, and of course the banking and finance sector to real estate prices and activity.

So in this update I'll show you the Soufun graphs with the September data, and pop in a few other relevant bits and pieces I've happened upon. 

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Monetary Policy Week in Review - 8 October 2011

October 08, 2011 – Comments (0)

The past week in monetary policy saw 12 central banks reviewing monetary policy settings, with 6 adjusting interest rates. Those that changed interest rates were: Albania -25bps to 5.00%, Uganda +400bps to 20.00%, Kenya +400bps to 11.00%, Vietnam +100bps to 15.00%, Serbia -50bps to 10.75%, and Rwanda +50bps to 6.50%. Those that held rates unchanged were: Australia 4.75%, Poland 4.50%, UK 0.50%, EU 1.50%, Peru 4.25%, and Japan 0.10%. Also making news in monetary policy was the announcement from the Bank of England that it would add a further GBP 75 billion to its Asset Purchase Program (quantitative easing). Similarly the ECB announced a set of liquidity and asset buying measures in its monetary policy announcement.  [more]



Monetary Policy Week in Review - 1 October 2011

October 01, 2011 – Comments (0)

The past week in monetary policy was relatively quiet with just 4 central banks announcing interest rate decisions.  Israel cut its rate by 25bps to 3.00%, while Romania held at 6.25%, Taiwan held at 1.875%, and Colombia held at 4.50%.  Also making news in central banking and monetary policy was the announcement from the central bank of Angola, where it said it would launch a new benchmark interest rate.  Elsewhere, Vietnam announced deposit interest rate caps, and Denmark announced a set of emergency bank liquidity provisioning measures.

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