European Finance Ministers did not make progress finding a way to share the cost of a restructured Greek debt. Moody’s is reviewing the rating of three French banks that are vulnerable to such a restructuring. The dollar climbed 1.0% against the euro, 0.6% versus sterling, the kiwi, and Swiss franc, and 0.3% relative to the [...]

Sri Lanka’s Monetary Board left its 7.0% repurchase rate and 8.5% reverse repo rate unchanged at a fifth consecutive monthly meeting.  Rates have not begun to rise.  In January, such were reduced by 25 basis points and 50 bps, and cuts during 2010 amounted to 25 bps and 75 bps.  CPI inflation of 8.8% in [...]