IntelligentguessIntelligentguessAnalysis of Market Economics - including but not limited to - the Stock Market, World Indexes, Economics, Hedging Business Risk, Currency, Commodity, Options and other Financial Instruments Articles
CDS - Market awaits guidelines
2007-05-15 07:54:00 The Reserve Bank of India (RBI) had, in its annual policy statement, stated that guidelines for trading in credit default swaps (CDS) in the Indian markets would b e released by May 15. Well, today happens to be May 15, and the guidelines are yet to be released. Market men await with bated breadth. There are still a few more hours to go before the day ends. Update : May 15 has passed by. No guidelines ... More About: Interest Rates , Markets , Guidelines
The Indian monetary system dollarized
2007-05-15 07:33:00 The Reserve Bank of India has released figures relating to its operations in the foreign exchange markets for the month of March 2007. It bought USD 2.3 bn worth of foreign currency in March taking the cumulative figure for the financial year beginning April 1, 2006 to USD 26.8 bn. The March figure alone is slightly lower than my ... More About: Economics , System , Indian , Monetary Policy
UK - Production - annual growth rate slips to a negative in Mar?07
2007-05-11 12:24:00 Situation On a monthly basis : Production increased by 0.20 % in Mar?07 ( - 0.30 % decline in Feb?07) On a yearly basis : Production decreased by 0.20 % p.a in Mar?07 (revised to a 0.30% p.a growth in Feb’07) Back ground Bank of England has hiked the interest rates for the 4th time since Aug’06 to 5.50% GDP growth rate for ... More About: United Kingdom , Industrial Production , Growth , Negative
UK - Bank Rate hiked as expected
2007-05-11 11:54:00 Situation The Bank of England?s ( BOE )Monetary Policy Committee today voted to raise the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.5%. Background ( click on image for a larger visual) The Bank of Englands inflation target is 2%. This is expressed in terms of an annual rate of inflation ... More About: United Kingdom , Expect , Hike
USA - Fed meeting : No change in interest rate ( Fed remains open to hiking
2007-05-11 10:53:00 Situation The Federal Open Market Committee ( FOMC ) met on May 10th 2007. The FOMC releases a statement after their meeting - reflecting the Interest rate decision and their thinking about the future. Statements are standardized so that there is no room for a mis - understanding. Comparing statements of the past - to the ... More About: United States , Monetary Policy , Change , Hiking
Can anybody explain this?
2007-05-08 04:37:00 Check this out It is a Bloomberg grab of the chart displaying the movement (for the last three years) in a) the 5 year government bond yield; and b) the 5 year swap rate denoted by the overnight indexed swap (OIS) in the India n money and bond markets. Now we all know that the swap rate is an inter bank ... More About: Interest Rates , Markets
RBI : Back to its old ways
2007-05-08 04:21:00 The India n Rupee fell sharply in the last hour of trading in Mumbai’s fx market on Monday. The USD-INR rate which was hovering around 40.60 for most part of the day (after touching an intra day peak of 40.54) closed at 40.80 on clear signs that the Reserve Bank of India (RBI) was active in the ... More About: Monetary Policy , Markets , Currency , Back
USA - Savings rate improves in Mar?07
2007-05-07 11:02:00 Situation Saving s as a % of disposable income has risen to a negative - 0.80% in Mar’07 ( was a negative -1.20% in Feb’07) Background USA - Relationship between Fiscal Deficit and Savings rate ( since 1981 ) USA - Relationship between GDP and Savings rate ( Quarterly data since 1985 ) USA - Manner in which the Deficit has ... More About: United States , Monetary Policy , Improve
USA - Q1 2007 GDP annual growth slumps to its lowest since 2003 Q3
2007-05-07 10:22:00 Situation On a Quarterly basis GDP grew by 0.31% ( was 0.61% in Q4 2006) On an annual basis GDP grew by 2.05% p.a in Q1 2007 ( was 3.128% p.a in Q4 2006) Background Production has been dropping sharply New orders has been dropping sharply Conclusion ( click on image for a better visual) GDP growth looks like it will range ... More About: United States , Growth , Lowes , Lowe , Grow
RBI hikes MSS - Eases pressure on SLR
2007-04-30 07:04:00 The Reserve Bank of India has, over the weekend, hiked the limit for issuance government bonds under the market stabilization scheme (MSS) to INR 1.1 trln. This is up from the previous limit of INR 950 bn. Even the 950 bn limit was an increase from the previous cap of 850 bn and set ... More About: Monetary Policy , Sure , Hike , Ease
Indian Monetary Policy - Quick Comments
2007-04-24 13:10:00 The RBI has released the Governor, Mr. Y V Reddy?s statement on the quarterly review of the monetary policy today. Given below is the note that i wro te to clients immediately after the policy announcement reproduced verbatim Policy Stance The monetary policy stance of the central bank strives To reinforce the emphasis on price stability and well-anchored inflation expectations while ensuring monetary and interest rate environment that supports export and ... More About: India , Indian , Monetary Policy , Comments
India - Monetary Policy Statement released
2007-04-24 09:20:00 The Reserve Bank of India released its annual monetary policy statement a few minutes ago. The press release is here. The full text of the statement is here. The key decision has been to keep all pol icy rates unchanged. I shall give detailed views on the policy in a separate post. More About: Monetary Policy , Policy , Released , Release
UK - Inflation ( CPI) at its highest since Sept?92
2007-04-23 09:00:00 Situation On a monthly basis prices rose by 0.48 % (0.48% in Feb?07) On an annual basis prices rose by 3.07 p.a ( 2.78% p.a in Feb?07) Background Bank of England ( BOE) has an inflation target ( CPI ) of 2% p.a. BOE’s current policy rate is at 5.25% p.a .The Bank Rate was raised by 0.25% to 5.25% in Jan’07 Producer prices have had ... More About: United Kingdom , Monetary Policy , Inflation , High , Sept
Monetary Policy - What will Reddy do?
2007-04-23 04:02:00 India’s central bank, RBI, releases its annual monetary policy statement Tuesday, April 24 at 0630 hrs UTC. Analysts widely expect Y V Reddy (YVR), the RBI Governor to continue his hawkish tone in the language of the statement. There are differences, however, amongst them on whether the central bak would actually go ahead with a rate ... More About: India , Monetary Policy , Policy , Will , Poli
USA - Production grows in Mar?07 at the slowest pace since Sept?05
2007-04-22 00:20:00 Situation On a monthly basis Production ( IIP) dropped by -0.2 % in Mar’07 ( 0.8% in Feb’07) . On an annual basis Production grew by 2.3% p.a in Mar?07 ( 3.0% p.a in Feb?07). The rate of capacity utilization fell 0.2 % to 81.4 %( was 81.6% in Feb’07). The average capacity utilization between 1972 - 2006 is 81% . Background Production had grown at ... More About: West , Pace , Lowes , Slow
Indian inflation remains high - Expect hawkish monetary policy to continue
2007-04-20 09:32:00 India released its provisional weekly inflation data today. Headline inflation based on yoy change in the Wholesale Price Index (WPI) came in at 6.08% for the week ended April 7. This is in contrast to the figure of 5.74% reported a week earlier. Analysts had forecast a figure of 5.80% for the current release. The actual number is therefore about 25-30 basis points ... More About: India , Indian , Monetary Policy , Inflation , Policy
USA - Inflation (CPI) inches up in Mar?07 , while core inflation drops
2007-04-19 10:42:00 Situation On a monthly basis Prices rose by 0.91% (0.54% in Feb?07) Core inflation ( inflation excluding volatile items) growth dropped to by 0.39% (0.53% in Feb?07) On an annual basis Prices rose by 2.78% p.a ( 2.42% p.a in Feb?07) Core inflation ( inflation excluding volatile items) growth dropped to 2.5% p.a (2.7% p.a in Feb?07) Background Core CPI has dropped. (click on image for ... More About: United States , Monetary Policy , Inflation , Inch
Euro area - Inflation (CPI) flat in Mar?07
2007-04-17 09:39:00 Situation On a monthly basis Prices rose by 0.67% (0.29% in Feb’07) Core inflation ( inflation excluding volatile items) grew by 0.72% (0.39% in Feb’07) On an annual basis Prices rose by 1.94% p.a ( 1.84% p.a in Feb’07) Core inflation ( inflation excluding volatile items) grew by 1.87% p.a (same as in Feb’07) Background Producer prices have been on a decline since Jun’06 ( 2.92% ... More About: Euro , Inflation , Euro area , Area , Flat
Euro area - Inflation (CPI) flat in Mar?07
2007-04-17 09:39:00 Situation On a monthly basis Prices rose by 0.67% (0.29% in Feb’07) Core inflation ( inflation excluding volatile items) grew by 0.72% (0.39% in Feb’07) On an annual basis Prices rose by 1.94% p.a ( 1.84% p.a in Feb’07) Core inflation ( inflation excluding volatile items) grew by 1.87% p.a (same as in Feb’07) Background Producer prices have been on a decline since Jun’06 ( 2.92% ... More About: Euro , Monetary Policy , Inflation , Euro area , Area
UK - Producer prices ( PPI) have a sharp rise in Mar?07
2007-04-17 08:30:00 Situation On a monthly basis PPI rose by 0.6% ( 0.4%,revised, in Feb’07) Core PPI rose 0.5% ( same level as in Feb’07) On an annual basis PPI rose by 2.68% p.a ( 2.31% p.a ,revised, in Feb’07) Core PPI rose by 2.92% p.a ( 2.74% p.a,revised, in Feb’07) Background Bank of England ( BOE) has an inflation target ( CPI ) of 2% p.a. Current CPI ... More About: United Kingdom , Monetary Policy , Rice , Sharp , Harp
UK - Producer prices ( PPI) have a sharp rise in Mar?07
2007-04-17 08:30:00 Situation On a monthly basis PPI rose by 0.6% ( 0.4%,revised, in Feb’07) Core PPI rose 0.5% ( same level as in Feb’07) On an annual basis PPI rose by 2.68% p.a ( 2.31% p.a ,revised, in Feb’07) Core PPI rose by 2.92% p.a ( 2.74% p.a,revised, in Feb’07) Background Bank of England ( BOE) has an inflation target ( CPI ) of 2% p.a. Current CPI ... More About: United Kingdom , Monetary Policy , Inflation , Rice , Sharp
The Indian Corporate Bond Trading Platform - A welcome first step
2007-04-17 05:30:00 The Securities and Exchange Board of India (SEBI) has recently allowed the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) to set up an order driven online trading platform for corporate bonds. This is a vital step in revitalizing the moribund corporate bond market in India. Surprisingly it seems to have received ... More About: Bond , Indian , Interest Rates , Markets
The Indian Corporate Bond Trading Platform - A welcome first step
2007-04-17 05:30:00 The Securities and Exchange Board of India (SEBI) has recently allowed the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) to set up an order driven online trading platform for corporate bonds. This is a vital step in revitalizing the moribund corporate bond market in India. Surprisingly it seems to have received ... More About: Bond , Indian , Trading , Corporate
The Rupee Juggernaut rolls on
2007-04-16 19:45:00 The India n rupee (INR) continued its streak of hitting new highs in the fx market for the third day running. The absence of intervention from the central bank has helped the local currency on its way. INR closed Monday’s spot trading session at 1 : 41.90 to the US Dollar, close to a decade high. The strong ... More About: Monetary Policy , Markets , Currency , Roll
The Rupee Juggernaut rolls on
2007-04-16 19:45:00 The Indian rupee (INR) continued its streak of hitting new highs in the fx market for the third day running. The absence of intervention from the central bank has helped the local currency on its way. INR closed Monday’s spot trading session at 1 : 41.90 to the US Dollar, close to a decade high. The strong ... More About: Roll , Rupee
IMF - Reform yourself; says India
2007-04-16 19:27:00 India has urged the International Monetary Fund to usher in reforms to reflect the new world economic reality. In a recent speech at the IMF, Rakesh Mohan, the deputy governor of the Reserve Bank of India said The challenge today is to achieve this reform through a new, simple, transparent and linear quota formula. We believe that ... More About: India , Reform , Your , Form
IMF - Reform yourself; says India
2007-04-16 19:27:00 India has urged the International Monetary Fund to usher in reforms to reflect the new world economic reality. In a recent speech at the IMF, Rakesh Mohan, the deputy governor of the Reserve Bank of India said The challenge today is to achieve this reform through a new, simple, transparent and linear quota formula. We believe that ... More About: India , Reform , Yourself , Self , Your
USA - Producer prices continue to grow in Mar?07
2007-04-16 14:30:00 Situation On a monthly basis - Price s rose 1.36% in Mar?07 ( 1.12% in Feb?07) Core inflation (prices excluding energy and food) was at 0% ( 0.31% in Jan?07 ) On an annual basis - Prod ucer Prices rose 3.2 % p.a in Mar?07 ( 2.53% p.a in Feb?07). Core inflation rose 1.70% in Mar?07 ( 1.83% p.a in Jan?07) Background Consumer Prices (CPI) grow moderately in ... More About: Rice , Grow , Produce
USA - Producer prices continue to grow in Mar?07
2007-04-16 14:30:00 Situation On a monthly basis - Price s rose 1.36% in Mar?07 ( 1.12% in Feb?07) Core inflation (prices excluding energy and food) was at 0% ( 0.31% in Jan?07 ) On an annual basis - Producer Prices rose 3.2 % p.a in Mar?07 ( 2.53% p.a in Feb?07). Core inflation rose 1.70% in Mar?07 ( 1.83% p.a in Jan?07) Background Consumer Prices (CPI) grow moderately in ... More About: United States , Monetary Policy , Inflation , Rice
Euro area - Production (IIP) grows in Feb?07
More articles from this author:2007-04-16 09:00:00 Situation On a monthly basis IIP grew by 0.57% in Feb’07 ( as compared to a -0.46% in Jan’07) On an annual basis IIP grew by 4.21 % p.a in Feb’07 ( as compared a 3.40% p.a in Jan’07) Background Interest rates have been raised in Dec?06 towards 3.5% and in Mar?07 towards 3.75%. As per the previous report on IIP, Product ion ... More About: Euro , Euro area , Production , Area 1, 2, 3, 4, 5 |
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