Archive for November 18th, 2014

Central Bank Watch

Bank Indonesia: Unscheduled Meeting Raises BI Interest Rate

November 18, 2014

At the regularly scheduled November policy meeting last Thursday, interest rates were left unchanged as expected.  But after the new governments reduced fuel subsidy was announced, which will boost such prices by 31%, an emergency meeting of monetary policymakers decided to raise the key reference BI interest rate to 7.75% from 7.5%, its level since […] More

Central Bank Watch

Central Bank of Sri Lanka

November 18, 2014

The central bank lending rate (reverse repo) and borrowing rate (repo) have been at 8.0% and 6.5% since the former was cut from 8.5% last January.  Between December 2012 and October 2013, each of those rates also were lowered in three steps by a cumulative 125 basis points.  Falling inflation justified these reductions.  On-year CPI […] More

New Overnight Developments Abroad - Daily Update

More Good News Than Bad News

November 18, 2014

Japanese Prime Minister Abe has delayed imposition of the planned consumption tax by 18 months to April 2018 and dissolved parliament effective this Friday in preparation for a snap lower house election presumably on December 21.  Abe’s LDP/Komeito coalition was elected in December 2012 to a four-year term.  An election far ahead of schedule invites […] More

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