| Romanian Central Bank Lifts Key Interest Rate
(RTTNews) - The National Bank of Romania raised its policy rate to 9.5% per annum from 9% on Wednesday. In its meeting, the Board of the central bank decided to continue to pursue a firm management of money market liquidity via open-market operations. It also decided to leave the existing minimum reserve requirement ratios unchanged on both leu- and foreign currency-denominated liabilities of credit institutions. The central bank said in a report that it would closely monitor developments in macroeconomic indicators and would assess their outlook. The bank also said that it stands ready to adjust its instrument settings to counteract inflationary pressures in order to re-enter the announced medium-term disinflation trajectory in a sustainable manner at the earliest.
Nursing: the recession-proof job market
When Heidi Sadowsky quit the finance sector, she abandoned a job market on the verge of collapse for one that may be air-tight: nursing. "I was never happy in my life in finance," said Sadowsky, 39, a former liaison for institutional investors and money managers at Citibank and Invesco. "I always felt like a square peg in a round hole. I decided I had to get out of this business. I was never cut out for this." Inspired by the compassion of nurses who cared for her terminally ill father, Sadowsky took up training last year at New York University's College of Nursing. Since she already had an undergraduate degree, she was accepted into the nursing school's accelerated 15-month bachelors program and she expects to graduate in May. At $64,000, the NYU tuition is far from cheap, but starting pay for graduates is up to $70,000 a year in New York City.
(AFX UK Focus) 2008-03-27 10:44 GMT: BoE says 37.8 bln stg bid for in 13.6 bln OMO
LONDON (Thomson Financial) - The Bank of England revealed that its weekly open market operation was nearly three times oversubscribed for the second week running. It said it received bids worth 37.8 bln stg for the 13.6 bln OMO, meaning banks will receive 36.05 pct of what they bid for. There is no penalty rate on this operation, with the Bank Rate of 5.25 pct being applicable to the bids. Similarly last week's operation, when 10.93 bln stg was on offer, was nearly three-times over-subscribed, receiving bids totalling 30.3 bln stg. The weekly OMO is used to ensure banks have enough money to meet their Bank of England reserve targets. pan.pylas@thomson.com pp/ro COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved.
(AFX UK Focus) 2008-03-26 08:52 GMT: Taiwan central bank drains 60.20 bln twd via 2.04/2.13/2.23 pct NCDs
TAIPEI (XFN-ASIA) - The central bank said it drained a combined 60.20 bln twd from the money market via offers of negotiable certificates of deposit, including 51.40 bln twd via 30-day NCDs at a fixed rate of 2.04 pct. The bank also drained 7.80 bln twd via an offer of 91-day NCDs at 2.13 pct and 1.0 bln twd via 182-day NCDs at 2.23 pct, it said. At 4.00 pm, the average overnight interbank rate was quoted at 2.090 pct, compared with the previous close of 2.082 pct, dealers said. (1 usd = 30.0 twd) philip.wang@afxasia.com - xfnpw/xfnrc COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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