DailyMarkets.com - Norway Holds Rate, Delays Rate Rise To First Half 2014

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• Norway Holds Rate, Delays Rate Rise To First Half 2014
• Swiss Keep FX, Interest Rate Targets, Cut Inflation Forecast
• Philippines Keeps Key Rate Steady, Cuts SDA Rate Again
• Central Bank News Link List – Mar 14, 2013: Much To Prove For Putin’s Central Bank Pick Nabiullina
• Korea Holds Rate, Says Growth Weak And Inflation Low
• Twinkies And Pabst Blue Ribbon Get Together
• US Calendar Brings More Key Data
• Give In To The Dark Side

Norway Holds Rate, Delays Rate Rise To First Half 2014 Posted: 14 Mar 2013 02:54 AM PDT     Norway’s central bank kept its policy rate steady at 1.5 percent, saying economic growth and inflation had been slightly lower than projected so it first expects to raise rates in the Spring of 2014.     Norges Bank started easing its upward rate bias last October when it delayed a planned rate increase until this year from end-2012. At its previous meeting in January, the bank maintained a slight upward bias but it has now delayed any rate change until next year.   … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Swiss Keep FX, Interest Rate Targets, Cut Inflation Forecast Posted: 14 Mar 2013 02:25 AM PDT     Switzerland’s central bank maintained its interest rate and exchange rate targets, as expected, and said the downside risks to the Swiss economy remain considerable while revising downwards its inflation forecast.     The Swiss National Bank (SNB) kept its target range for three-month Libor at zero to 0.25 percent and repeated its pledge to “buy foreign currency in unlimited quantities” to keep the Swiss franc below 1.20 per euro.     The cap on the Swiss … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Philippines Keeps Key Rate Steady, Cuts SDA Rate Again Posted: 14 Mar 2013 01:51 AM PDT     The Philippine central bank kept its benchmark overnight borrowing, or reverse purchase facility, rate steady at 3.50 percent but again cut the rate on its Special Deposit Account (SDA) facility due to a “benign inflation outlook and improving growth prospects.”     Bangko Sentral ng Pilipinas (BSP) cut the rate on the SDA facility by 50 basis points to 2.50 percent  on all maturities, effectively immediately. In January the BSP set the SDA rate at 3.0 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Mar 14, 2013: Much To Prove For Putin’s Central Bank Pick Nabiullina Posted: 14 Mar 2013 12:48 AM PDT 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. Much to prove for Putin’s central bank pick Nabiullina (Reuters) Russia to hold main rate before pro-growth Puting ally takes helm (Bloomberg) RBA easing cycle halted by biggest job gain in 13 years … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Korea Holds Rate, Says Growth Weak And Inflation Low Posted: 14 Mar 2013 12:13 AM PDT     South Korea’s central bank held its base rate steady at 2.75 percent, as expected, and said economic growth is weak and inflation low though likely to rise as downward pressures disappear.     The Bank of Korea (BOK), which cut interest rates by 50 basis points last year, said it expects the global economy to sustain its modest recovery “but judges that the uncertainties related for instance to the fiscal crises in the euro area and to fiscal consolidation in the US have … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Twinkies And Pabst Blue Ribbon Get Together Posted: 13 Mar 2013 03:04 PM PDT 03/13/13 What do Twinkies and PBR have in common? The iconic snack and hipster beer will be owned by the same p.e. … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

US Calendar Brings More Key Data Posted: 13 Mar 2013 03:25 AM PDT 03/13/13 Thursday’s calendar is packed with more US economic data and earnings reports. Jobless claims and PPI will be closely … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Give In To The Dark Side Posted: 11 Mar 2013 12:36 AM PDT Further to my last post (see An unconvincing breakout), stocks have continued to move higher. I continue to be concerned about this advance. The negative divergence (update link here) that I outlined is still not confirming this rally. Moreover, heavy insider selling is generally not a good sign for the bulls (see Insider selling, it’s baaack! and this update from Bloomberg). Risks are fading Nevertheless, stocks continue to move up and sometimes it’s more important to analyze the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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