The Central Bank of Armenia held its key refinancing rate unchanged at 8.00%. The Central Bank Board said in its release...
Central Bank of Armenia Holds Rate at 8.00%
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FOREX-Dollar eases as risk sentiment improves
By Tamawa Desai LONDON, June 10 (Reuters) - The dollar eased on Wednesday as investors shifted from the US unit toward perceived riskier and higher-yielding ... See all stories on this...
Interesting look at economic sausage-making
One interesting nugget in this behind-the-scenes view of economic policy-making in the Obama Administration is the view that Ben Bernanke just might be reappointed when his term is up in...
Tumpel-Gurgerell: Central banks need to be pricks…
…of asset bubbles. Asset bubbles and financial sector imbalances should be dealt with preemptively, she says. The financial crisis represents the greatest ever challenge for the euro, she says. 2009 will be very difficult. Deflating asset bubbles is likely to be the consensus change in the...
Bank of France business sentiment stronger than expected
Bank of France industry business sentiment index has come in at 81 in May, up from 75 in April, and better than the median forecast of 77. The Bank of France has revised up slightly it’s forecast for the Q-2, from -0.6% to 0.5%. EUR/USD is on something of a tear, presently up at 1.3920....
China still a net importer of steel in May
China remains a net importer of steel in May, importing 53.46 million tonnes of iron ore, slightly down from April’s record 57 mio tonnes. This markes the 3rd month in a row that imports have exceeded outflows for China, a country that has been a net steel exporter since...