Feb. 5 (Bloomberg) -- Brazilian consumer prices rose the most in 20 months in
January, pushing the annual inflation rate above the central bank’s target and
cementing bets that policy makers will raise interest rates as early as next
month. Consumer prices, as measured by the benchmark
By Bo Nielsen The krone also fell against the euro after the Norges Bank kept
the benchmark deposit rate at 1.75 percent yesterday and said a stronger
currency may postpone future rate increases. The Swedish krona slid as the MSCI
World Index of global stocks dropped 1.9
Key Overnight Developments • Australian Retail Sales Disappoint, Building
Permits Rise on Stimulus • NZ Labor Market Probably Stronger Than Spike in
Jobless Rate Suggests Critical Levels The Euro was little changed in Asian
hours, trading within 20 pips of the 1.3890
By Bo Nielsen The krone snapped three days of gains after the Oslo-based Norges
Bank kept the rate at 1.75 percent, in line with the forecasts of all 16
economists in a Bloomberg survey. A “considerably” stronger krone would prompt
policy makers to scale back or delay the rate
By Saburo Funabiki Policy makers have to progress through three stages before
pushing up the benchmark rate from its range of between zero and 0.25 percent,
said Izuru Kato , chief market economist at Totan in Tokyo. They have to signal
their intention to raise rates in a Federal Open
As much as it may encourage consumers to take out new loans and stimulate
additional business, it robs the banks of an opportunity to quietly raise rates
on products such as business loans and credit cards that don't attract as much
attention as the cost of mortgages. Not that any of the big
* NZ dollar NZD=D4 around $0.7113/23, compared with $0.7050/60 in late trade on
Tuesday. It had briefly fallen below $0.7000 on Monday for the first time since
late December on risk aversion . * U.S. dollar falls as Wall Street shares
advance and commodities gain, luring investors back into
Feb. 5 (Bloomberg) -- Brazilian consumer prices rose the most in 20 months in
January, pushing the annual inflation rate above the central bank’s target and
cementing bets that policy makers will raise interest rates as early as next
month. Consumer prices, as measured by the benchmark
