Commercial Banking Blogs

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ECB Rate Cut: Too Little, Too Late?

Having tipped off the market at the previous monetary policy meeting that a rate cut was pending, the European Central Bank (ECB) followed through and lowered its benchmark refinancing rate on May 2...

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Good Correa / Korea Moves

As we anticipated, Ecuador’s President Rafael Correa was decisively re-elected in a first round victory on February 17. Moreover, his Alianza PAIS (AP) party increased its dominance of the unicameral...

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The Near-Term Outlook For The Euro

Having rallied into Q3 2012 following the European Central Bank (ECB)’s pledge to purchase peripheral eurozone sovereign debt (only under certain conditions, of course), the euro has been trading...

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