Thursday, March 7, 2013

DailyMarkets.com - Malaysia Holds Rate, Sees Modestly Higher Inflation

DailyMarkets.com - Malaysia Holds Rate, Sees Modestly Higher Inflation


Malaysia Holds Rate, Sees Modestly Higher Inflation

Posted: 07 Mar 2013 03:13 AM PST

    Malaysia’s central bank held its benchmark Overnight Policy Rate (OPR) steady at 3.0 percent, as expected, and said that even if inflation is expected to rise this year it is expected to remain modest.
    Bank Negara Malaysia (BNM), which has held its policy rate steady since June 2011, said domestic investment activity remains robust and there is continued expansion in private consumption.
    “Going forward, this trend is expected to continue,” the BNM said, … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Comparing 35 Year Rates Of Inflation

Posted: 07 Mar 2013 02:27 AM PST

A picture tells a thousand words, right?
Well, thanks to Jeff Gundlach and his band of truth tellers at Doubleline Funds for recently highlighting a Bureau of Labor Statistics/Consumer Price Index graph which shows that the racket defined as higher education displays that the "thousand" applies not to words but to the rate of inflation within that segment over the past 35 years. The actual number is a "mere" 1,155%.
Every day we read of how students are increasingly delinquent and … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Mar 7, 2013: (China) Interest Rate Hikes ‘cannot Be Ruled Out’

Posted: 07 Mar 2013 02:26 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.

(China) interest rate hikes ‘cannot be ruled out’ (chinadaily)
Zambian lenders set to study currency concerns with central bank … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Indonesia Holds Rate Steady, Economy On Track In Q1

Posted: 07 Mar 2013 01:55 AM PST

    Indonesia’s central bank held its BI rate steady at 5.75 percent, as expected, saying this is consistent with the bank’s inflation target for this year and 2014, and the economy will expand as forecast in the first quarter.
   Bank Indonesia (BI), which cut its rate by 25 basis points last year, said first quarter economic growth will reach a forecast 6.2 percent, mainly supported by strong domestic demand based on improved consumer confidence and purchasing … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Japan Holds Rate Steady At Shirakawa’s Final Meeting

Posted: 07 Mar 2013 12:00 AM PST

    The Bank of Japan (BOJ) kept its benchmark overnight call rate steady at 0 to 0.1 percent, as widely expected, and repeated that it would “pursue aggressive monetary easing” to meet its new 2.0 percent price stability target by keeping interest rates at virtually zero and buying financial assets.
    It was the last BOJ meeting chaired by Governor Masaaki Shirakawa who is being replaced by Haruhiko Kuroda, expected to pursue a much more aggressive strategy to help defeat … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Brazil Holds, Drops Guidance Of Stable Rates For Long Period

Posted: 06 Mar 2013 11:40 PM PST

    Brazil’s central bank held its benchmark Selic rate steady at 7.25 percent, as expected, and said it would “monitor the microeconomic scenario until its next meeting to then define the next steps in its monetary policy strategy,” omitting the previous guidance that stable monetary conditions for a prolonged period was appropriate.
    Banco Central do Brasil also said in its very brief statement that the decision to hold the rate steady was without any bias and all … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

JetBlue Seeking Friendlier Skies

Posted: 06 Mar 2013 05:49 PM PST

03/06/13 JetBlue is eager to spread its wings and expand its partnership with American … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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