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 […]

For all the talk about Chinese government relaxing its exchange rates policy over last year or so, nothing happened so far. And it doesn’t look it is going to happen any time soon, either. China’s central bank governor said today that current scheme is necessary to cope with the global economic crisis and said China will […]

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 […]