Archive for July 23rd, 2012

Central Bank Watch

Bank of Israel: Dovish Language but 2.25% Benchmark Interest Rate Not Cut This Month

July 23, 2012

  There have been four central bank rate reductions since last November, most recently on June 25.  On-year inflation of 1.0% is at the target floor.  Expected inflation lies near center-range.  Officials did not ease further in July but seem ready to do so if growth prospects worsen. The Bank of Israel will continue to […] More

New Overnight Developments Abroad - Daily Update

An Ugly Monday: Confidence Drops that Euro Crisis Will Be Contained

July 23, 2012

The situations surrounding Greece and Spain have deteriorated. This is the week that the EU/IMF/ECB creditors of Greece are to assess if that country is meeting is bailout targets.  Ahead of such, Germany’s Economics Minister and Vice Chancellor Roestler expressed grave doubt that Greece will satisfy its conditions. Greek Prime Minister Samaras compared the Greek […] More