The YOY growth of dollar holdings of FCBs has continued to diminish over the last 7-8 weeks and the interest rate marches on. Here is the updated chart (click on the chart for the full-size version).
Saturday, October 22, 2005
Update on FCB dollar reserve and interest rates
The YOY growth of dollar holdings of FCBs has continued to diminish over the last 7-8 weeks and the interest rate marches on. Here is the updated chart (click on the chart for the full-size version).
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Dipanjan, thanks for your comments! I enjoyed them very much.
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