- Overnight Interest Rate Update 02.09.10 Tue, 09 Feb 2010 05:24 GMT
- RICS Survey Hints UK House Prices May Decline as Supply Swells Tue, 09 Feb 2010 04:41 GMT
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- Feb, 09 Overnight Interest Rate Update 02.09.10
- Feb, 09 RICS Survey Hints UK House Prices May Decline as Supply Swells
- Feb, 09 UK Retail Sales Growth Worst in 15 Years in January, says BRC
- Feb, 08 Swiss Unemployment Highest Since 1998, Retail Sales Advance 4.7%
- Feb, 08 Overnight Interest Rate Update 02.08.10
- Feb, 05 U.S. Non-Farm Payrolls Disappoint, Jobless Rate Unexpectedly Contracts
- Feb, 05 Overnight Interest Rate 02.05.10
- Feb, 05 Euro Spikes Higher Against Swiss Franc, SNB Action Hinted
- Feb, 04 ECB Says Rates Appropriate, As Inflation To Remain Near 1.0%
- Feb, 04 ECB Says Rates Appropiate As Infaltion To Remain Near 1.0%
- Feb, 04 British Pound Pares Decline as BoE Suspends Asset Purchases, Euro Holds Rate at Record Low
- Feb, 04 Overnight Interest Rate Update 02.04.10
- Feb, 04 Australian Retail Sales Disappoint, Building Permits Rise on Stimulus
- Feb, 03 Overnight Interest Rate Update 02.03.10
- Feb, 02 Overnight Interest Rate Update 02.02.10
- Feb, 02 Australian Business Confidence Falls Most in 11 Months on China Outlook
- Feb, 01 U.S. Manufacturing Unexpectedly Expands at Faster Pace
- Feb, 01 U.K. Mortgage Approvals Unexpectedly Declines, EURGBP Snaps 4-day Decline
- Feb, 01 China Weekly 02.01
- Feb, 01 Overnight Interest Rate Update 02.01.10
The Bank of Japan kept the key overnight lending rate at 0.1% by unanimous vote and announced a new 3-month operation at 0.1% during its unexpected emergency meeting today, but was short of market expectations for an aggressive quantitative measure to bring down long-term dated yields. At the same time, the central bank maintained its monthly purchases of government bonds at 1.8 trillion yen, while some economists forecasted that the bank would increase the purchases to support the economy. Meanwhile, BOJ’s government spokesman Hirano said the central bank responded appropriately to the economic situation on hand and is in line with the government’s policies. The bank went onto say that it is important to get the economy out of deflation as the global financial developments and instability in the FX market pose a risk to Japan, while Japan’s Finance Minister Fujii stated “when it comes to how we respond to abnormal currency moves, now where at a stage where I want to closely watch currency moves.”
In the currency markets, the USDJPY took a free fall from 87.53 to 86.65, while the JPY crosses on the other hand were muted, with the EURJPY shedding 40 pips to trade at 130.
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