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online.wsj.com - 10/28/2008
Iceland Raises Key Rate Six Points
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Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up. WSJ.com Email Features This Week's Most Popular On the Editorial Page More Information on WSJ Features Also send me information about more WSJ Features The email address is ...
Iceland Central Bank Raises Key Interest Rate to 18% (Update3)
bloomberg.com - 10/28/2008
Iceland Central Bank Raises Key Interest Rate to 18% (Update3)
— bloomberg.com — Oct. 28 (Bloomberg) -- Iceland's central bank unexpectedly raised the benchmark interest rate to 18 percent, the... highest in at least seven years, after the island reached a loan agreement with the International Monetary Fund. Policy makers raised the ... (more) Iceland Central Bank Raises Key Interest Rate to 18% ...

Comments vote down [ The Financial Ninja ] found this 10/28/2008found this

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Dealbreaker:  That Will Show Them!

Paul Kedrosky's Infectious Greed:  Links: EM Debt, Volatility, Iceland, Dubai, etc.

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That Will Show Them!
Dealbreaker — ... and is fixed by the central bank in a daily foreign currency auction. Monday, the rate was fixed at 152 kronur to the euro and 120.69 kronur to the dollar. It is as if the unwinding of the carry trade that blew them up in the first place was the thin shadow of a distant memory. Apparently, the massive hike is the IMF's bright idea. Oh, what I wouldn't give for a foreign exchange account, access to the kronur and a big hunk of liquidity right now. Iceland Raises Key Rate Six Points [The Wall Street Journal]

Links: EM Debt, Volatility, Iceland, Dubai, etc.
Paul Kedrosky's Infectious Greed — Some quick links to items of interest: Europe most exposed to emerging market debt – more than twice as big as subprime (Morgan Stanley) Volatility returns with a vengeance (FT/Tett) Iceland Raises Key Rate Six Points (WSJ) The Online Finance 30 (II) Dubai real estate boom is ending (WSJ) Nifty free financial data streaming server (Liberator) ...

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