Central Bank Watch
Rate Cut by National Bank of Serbia
November 13, 2014
After cutting their policy interest rate by 50 basis points for a third time in the half year since May, Serbian monetary officials released a statement that essentially made two points. First, inflation has been below target for the past eight months and is likely to remain subdued amid persistent disinflationary forces. Secondly, the risk […] More
Central Bank Watch
Bank Indonesia Makes No Change in BI Interest Rate
November 13, 2014
Between June and October of 2013, the BI reference interest rate was lifted twice by 50 basis points and three other times by 25 basis points, reaching 7.5% at the end of the period versus 5.75% at the start. Since that tightening, there have been no further rate modifications, and the rate will remain at […] More
Central Bank Watch
Bank of Korea: No Change
November 13, 2014
South Korea’s seven-day repo rate had been cut by 25 basis points in October, the fourth such reduction since November 2012 and the second of 2014. October’s vote had included one dissent, objecting to any policy change, but this month’s decision to leave the policy interest rate at 2.0% was made unanimously. A statement released […] More
New Overnight Developments Abroad - Daily Update
Heavier Flow of Data Releases
November 13, 2014
The dollar is narrowly mixed. Equities fell 1.4% in Australia, 0.6% in China, 0.5% in New Zealand and 0.3% in South Korea but climbed 1.1% in Japan and 0.7% in Singapore and Taiwan. In Europe, stocks are down 0.6% in Italy and 0.4% in Spain but up 0.5% in Germany and Switzerland and 0.1% in […] More
