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 […]

Chairman Bernanke is in Congress to for his semi-annual testimony before the House Financial Services Committee. Not sure why it is called a “testimony”. Should be more like “confession” or “defense”. Seems like everybody is hostile towards him, so no matter what he says, criticism will follow. Of course, it doesn’t help that he lacks […]