Tuesday, February 12, 2013

DailyMarkets.com - Russia Holds Rate Steady, Warns Of Inflationary Risks

DailyMarkets.com - Russia Holds Rate Steady, Warns Of Inflationary Risks

Russia Holds Rate Steady, Warns Of Inflationary Risks

Posted: 12 Feb 2013 01:52 AM PST

     Russia’s central bank held its benchmark refinancing rate steady at 8.25 percent but cautioned that  inflation is expected to remain above its target in the first half of 2013 and this poses risks.
    The Bank of Russia, which raised its rate by 25 basis points in 2012 and is facing pressure to cut rates in light of declining economic growth, said the rise in January’s inflation rate to 7.1 percent from 6.6 percent in December was mainly due to higher prices … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Feb.12, 2013: World Bank Chief Economist Calls On G20 To Coordinate Policies

Posted: 12 Feb 2013 12:54 AM PST

Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

World Bank chief economist calls on G20 to coordinate policies (Reuters)
Fed official hints at longer period for low interest rates (AP/CBSnews)
Japan awaits new central-bank governor … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Sri Lanka Holds Rate, Economy Moving To Full Potential

Posted: 12 Feb 2013 12:33 AM PST

    Sri Lanka’s central bank held its benchmark repurchase rate steady at 7.50 percent, saying the current policy stance is appropriate as the past reduction in policy rates and the expiration of a credit ceiling in December 2012 is expected to help the economy move toward its full potential in 2013.
    The Central Bank of Sri Lanka, which raised rates by a net 50 basis points in 2012 but cut in December, said broad money growth continued to moderate in December to 17.6 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Indonesia Holds Rate Steady, Risk To Inflation From Weather

Posted: 12 Feb 2013 12:06 AM PST

    Indonesia’s central bank held its BI rate steady at 5.75 percent, as expected, saying inflation is expected to remain subdued and in line with the bank’s target for this year and next, the economy is still performing strongly and the exchange rate is stable.
    Bank Indonesia (BI), which cut its rate by 25 basis points in 2012, said consumer price inflation rose to an annual rate of 4.57 percent in January from December’s 4.3 percent due to rains that disrupted food … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

The Puke And The Whimper

Posted: 11 Feb 2013 10:31 PM PST

… [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Is The Credit Market Cruisin’ For A Brusin’?

Posted: 11 Feb 2013 12:52 AM PST

A couple of weeks ago, I wrote a post entitled Stocks cruisin’ for a brusin’. Now it appears that the corporate bond market has fault lines of its own that may crack soon. Citi strategist Stephen Antczak (via Business Insider) explained that were enormous flows into corporate credit in search of yield over the years:
The first thing to remember, writes Antczak, is that mutual funds and ETFs together are responsible for a big portion of the marginal flows into corporate credit markets in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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