Central Bank Watch
National Bank of Poland
September 3, 2014
Poland’s record-low 2.5% interest rate was maintained. It’s been at that level since a 25-basis point cut in July 2013, which culminated 225 basis points of easing going back to November 2012. Analysts think a further reduction could occur as soon as next month because inflation, which is expected to run only marginally above zero […] More
Central Bank Watch
Bank of Canada Keeps 1.0% Overnight Rate Target
September 3, 2014
It’s been four years since the last Canadian central bank rate change, and it could be some time longer. A statement today from Bank of Canada officials reaffirmed that current policy is “appropriate” and added that “the Bank remains neutral with respect to the next change to the policy rate” both regarding direction and timing. […] More
New Overnight Developments Abroad - Daily Update
Progress Reported toward a Cease-Fire Accord for Ukraine
September 3, 2014
Equities have risen 1.3% in Germany, 1.0% in France, 0.7% in Great Britain, 0.9% in China, 0.5% in India and 0.4% in Japan on lessening concerns about the situation in Ukraine. The dollar is unchanged against the Swiss franc, sterling and yen. It’s fallen 0.6% relative to the Australian dollar where better-than-assumed 3.1% on-year GDP […] More
