S. African Banks Must Look at Loan Rate, Mboweni Says (Update1) (Bloomberg)

May 14 (Bloomberg) — South African banks need to reconsider why they charge customers 3.5 percentage points more than the central bank’s benchmark lending rate, Reserve Bank Governor Tito Mboweni said. Read more….

Uncertainty, Inflation & Inflexibility

Axel Merk & Kieran Osborne, April 20, 2009 Present policies may be sowing the seeds for the next financial crisis. Despite recent market optimism, we believe present interventions could produce significant future adverse and unintended consequences. Rather than curing the patient, the present initiatives may be overprescribing the patient with medication that cause significant side [...]

British Pound Forecast ahead of BoE Rate Decision (Daily FX via Yahoo! Finance)

This Thursday, the Monetary Policy Committee of the Bank of England is expected to cut rates by 50 bps to 1 percent. This will bring the overnight rate to the lowest level in the bank?s more than 300 years of history which could make the British pound very vulnerable going forward. Read more….

British Pound Forecast ahead of BoE Rate Decision (Daily FX)

This Thursday, the Monetary Policy Committee of the Bank of England is expected to cut rates by 50 bps to 1 percent. This will bring the overnight rate to the lowest level in the bank’s more than 300 years of history which could make the British pound very vulnerable going forward. Read more….

(RBA) Monetary Policy Statement by Glenn Stevens, Governor – 3 February 2009

At its meeting today, the Board decided to reduce the cash rate by a further 100 basis points, to 3.25 per cent, effective 4 February 2009. There was a significant deterioration in world economic conditions late in 2008. The effects on household and business confidence of the financial turmoil following… Read more….

GBPJPY analysis – British Pound Dominates Against the Majors on Massive Retracement – Can This Continue?

The British pound was the strongest of all the majors not only on Friday, but during the entire week, as the currency trades in a highly speculative manner. Indeed, over the past 5 days, the British pound has rallied 8.6 percent against the New Zealand dollar and roughly 6.3 percent against the euro and Japanese [...]

(BOJ) Statement on Monetary Policy, January 22, 2009

At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank of Japan will encourage the uncollateralized overnight call rate to remain at around 0.1… Read more….

(BOC) Bank of Canada Releases Monetary Policy Report

In the Update, the Bank noted that the outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity. Heightened uncertainty is undermining business and household confidence worldwide and further eroding domestic demand. Major advanced economies, including… Read more….