Archive for October 9th, 2014

Central Bank Watch

Central Reserve Bank of Peru Leaves Key Interest Rate Benchmark at 3.5%

October 9, 2014

There had already been three Peruvian central bank cuts since November 2013, most recently at the previous meeting in September.  Each reduction was a quarter of a percentage point.  While not cutting again this month, a released statement from the central bank promised to “implement additional monetary easing measures if it is necessary” and did […] More

Central Bank Watch

Bank of England Review

October 9, 2014

A terse boilerplate statement was released today at the end of the Monetary Policy Committee’s October meeting, leaving the Bank Rate at 0.5% and the size of the bond purchase program at 375 billion pounds.  The last rate change occurred in March 2009, when quantitative stimulus was also introduced.  The last increase of the asset […] More

New Overnight Developments Abroad - Daily Update

A Number of Surprises

October 9, 2014

Fed officials rarely comment on the dollar, so the following passage from minutes of September 16-17 meeting of the FOMC caught the market’s attention, sending the dollar and bond yields lower and turning around Tuesday’s swoon in equities. Some participants expressed concern that the persistent shortfall of economic growth and inflation in the euro area […] More

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