The Swiss National Bank (SNB) made an additional announcement on measures to halt a strong Swiss franc (CHF), but did not mention a potential Euro currency-peg as rumored. The SNB said "the Swiss franc remains massively overvalued" and "it aims to expand banks' sight deposits at the SNB further, from CHF 120 billion to CHF 200 billion. In order to achieve this new target level as quickly as possible, it will continue to repurchase outstanding SNB Bills and to employ foreign exchange swaps". The SNB also noted it if necessary it will "take further measures against the strength of the Swiss franc".
At its most recent monetary policy meeting in June this year the Swiss National Bank maintained its main interest rate at 0.25%. The Bank is forecasting inflation of 0.9% during 2011, while 2012 inflation is expected at 1% and 1.7% in 2013. The CHF last traded around 0.78 against the USD, with the CHF surging almost 2 cents against the USD as market participants expected stronger measures, such as a temporary currency peg, however the exchange rate has come back since trading as low as 0.72 during the S&P US downgrade and ECB-SMP micro-panic. The SNB also previously announced a series of moves on the 10th and 3rd of August aimed at limiting gains in the CHF.
Since the break-up of Sudan into two separate countries (North Sudan, and South Sudan), there have been a series of developments in central banking in the two countries as the process of building new nations gets underway. The developments include the formation of a new central bank, the issuing of new currencies, and staffing changes. The key facts in the timeline of post-secession Sudanese central banking are summarised below:
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moneyscience: Economist's View:- links for 2011-08-16 http:/
moneyscience: RT @QFINANCEnews: Collapse scenarios – satire or vision of the future? Part 1 http:/
moneyscience: arXiv: Invariants in the non-random Content of Financial Markets. (arXiv:1108.3155v1 [q-fin.ST]) http:/
moneyscience: The Big Picture:- Tuesday Afternoon Reads http:/
A recent article reports that Twitter has partnered with the Weather Channel “to push weather related tweets onto its enormously well-trafficked cable network and website, with the two groups splitting the ad revenue. For Twitter this is an opportunity to finally use its scale and speed in a partnership that can rake in good revenue. For New York based Trendrr, this was a chance to work behind the scenes on a massive deal. The company will be doing the semantic analysis to separate a tweet about a sudden rain shower from a tweet about your decision to take a quick shower after the gym.” continued…read more...
Booz Allen is looking for a Semantics Analyst in Rockville, MD. According to the post, responsibilities of this position include: “Assess an institute’s level of maturity in regard to semantics. Analyze and understand the business needs driving the adoption of semantics. Develop the appropriate approach and the technical expertise to implement data dictionary generation, ontology creation, maintenance, standardized metadata for electronic data capture, and data governance. Leverage how each of these topics can be used to further the mission and vision of the particular government agency. Focus on national health interoperability, EHRs, and comparative effectiveness, government agencies will need to adopt semantics in order to enable seamless interoperability from basic research data to clinical trials to point of care and back.” continued…read more...
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moneyscience: Marginal Revolution:- Assorted links http:/
moneyscience: Abnormal Returns:-Tuesday links: historical evidence http:/