Archive for September 22nd, 2014

Central Bank Watch

Bank of Israel Retains 0.25% Key Interest Rate

September 22, 2014

Following back-to-back cuts of 25 basis points in July and August, Israeli monetary officials left their key interest rate at 0.25% as most forecasters were expecting.  This level is even below the the 0.5% trough seen for five months in the middle of 2009.  The rate had been lowered in eight moves between October 2008 […] More

New Overnight Developments Abroad - Daily Update

Fresh Concern about Chinese Growth

September 22, 2014

Investor uneasiness that China’s government is not doing enough to promote faster growth were not alleviated by overnight remarks from China’s finance minister, nor from a G20 statement that talked in generalities but not specifics.  The preliminary September Chinese purchasing managers index for manufacturing gets released on Tuesday. Group of Twenty finance ministers and central […] More