Swiss National Bank has its regularly scheduled monetary policy meeting tomorrow. No interest rate changes are expected, but everybody is interested in possible easing on intervention threats. Economic numbers from Switzerland are much better than EU. Recession was much milder, and so far economy seems to be recovering faster than in Eurozone. Rumors fly that […]

Central banks lead the news, if we can call it that. The news are old news, meaning no news. Or something like that. Both European Central Bank and Bank of England held their monetary policy meetings today. Outcome was very similar - no changes. Rates for EUR remain at 1%, while UK benchmark stays at […]

Reserve Bank f Australia had policy meeting, with interest rates on the agenda. RBA raised its benchmark official cash rate from 3.75% to 4.00%, or 0.25%. Move was widely expected and came as no surprise, unlike a month ago when officials took no action and Australian Dollar fell sharply. Analysts are calling for more rate […]