DailyMarkets.com - Monetary Policy Week In Review – 26 May 2012 |
- Monetary Policy Week In Review – 26 May 2012
- Central Bank News Link List – 25 May 2012
- Memorial Day Thoughts On National Defense
- Bank Earnings Reach 5-Year High In First Quarter
| Monetary Policy Week In Review – 26 May 2012 Posted: 26 May 2012 03:51 PM PDT The past week in monetary policy saw 9 central banks reviewing interest rate settings. Three central banks reduced their monetary policy interest rates: Vietnam cut another -100 basis points to 12.00%, Denmark trimmed -10 basis points to 0.60%, and Georgia cut -25bps to 6.00%. Meanwhile those that held interest rates unchanged were: Nigeria 12.00%, the Czech Republic 0.75%, South Africa 5.50%, Angola 10.25%, Latvia 3.50%, and Japan at 0.10%; the Bank of Japan also made no changes to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Central Bank News Link List – 25 May 2012 Posted: 26 May 2012 03:23 PM PDT Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list. Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below. Bank of Japan Leave Monetary Policy Unchanged (MarketWatch)
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| Memorial Day Thoughts On National Defense Posted: 26 May 2012 01:12 PM PDT We can best honor those who have given their lives for this nation in combat by making sure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bank Earnings Reach 5-Year High In First Quarter Posted: 26 May 2012 01:01 PM PDT The FDIC reported this week that bank profits in the first quarter of 2012 increased to $35.3 billion, the highest level in almost five years going back to the second quarter of 2007 (see chart above, data here). That represents a 23% gain from the first quarter last year, and a 38% improvement from the previous quarter. In other signs of improvements in the banking industry’s financial condition, noncurrent loan rates and net chargeoff rates decreased in the first quarter this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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