Central Bank Watch
New Zealand’s Second Central Bank Interest Rate Hike
April 23, 2014
Officials at the Reserve Bank of New Zealand as expected engineered a follow-up 25-basis point increase of their Official Cash Rate to 3.0% and released an extremely close facsimile to the March 13th statement that launched this tightening cycle. The OCR had been at 2.5%, a record low, for three years between March 2011 and […] More
Central Bank Watch
Bank of Thailand Elects Not to Cut Interest Rate Again
April 23, 2014
The monetary policy committee had reduced its policy interest rate five times – each by 25 basis points – since November 2012 and most recently this year on March 12. By a vote of 6-1 with a sole dissent favoring a sixth such reduction now, the MPC this time chose to leave the rate at […] More
New Overnight Developments Abroad - Daily Update
Data Factor Heats Up
April 23, 2014
April Flash PMI results are out for the euro area, China and United States. Other market-moving data released today are Australian consumer prices, U.S. new home sales, Ezone deficit- and debt-to-GDP ratios, and Britain’s industrial trends survey, BOE minutes, and fiscal 2013-14 totals. The U.S. dollar has jumped 1.0% against its Australian counterpart but shows […] More
