Archive for September 30th, 2014

Deeper Analysis

September and 3Q in Figures

September 30, 2014

The dollar rose broadly and commodities fell in both September and the third quarter.  Ten-year sovereign debt yields rose in September but fell in the summer quarter.  Three-month euro deposit rates fell sharply in July-August but little further in September.  Other short-term interest rates held generally steady in the quarter. 10-Yr Yield 09/30/14 Chg from […] More

Central Bank Watch

National Bank of Romania

September 30, 2014

Analysts were not surprised to learn of another 25-basis point cut in Romania’s monetary policy rate to a further record low of 3.0%, effective October 1.  This was the fourth reduction of 2014, all by 25 basis points.  The rate earlier had been cut from a pre-Great Recession peak of 10.25% to 8.0% by end-2009, […] More

Central Bank Watch

Reserve Bank of India

September 30, 2014

India’s key 8.0% lending rate, a.k.a. the repo, and 7.0% borrowing rate have been at those levels since a policy meeting late last January hiked each by 25 basis points.  For a fourth time, a subsequent meeting has not changed either of those rates nor the 4.0% cash reserve ratio.  The benchmark interest rates had […] More

New Overnight Developments Abroad - Daily Update

Hong Kong Upheaval and Quarter-End Deluge of Data

September 30, 2014

The euro touched a new low of $1.2571 overnight on this final day of the third quarter, down from $1.3693 at midyear.  Overnight net rises in the dollar amount to 0.7% against the euro and Swiss franc, 0.3% versus the yen and sterling, 0.2% relative to the loonie and 0.1% against the Australian and New […] More

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