Archive for April 14th, 2015

Central Bank Watch

Indonesian Monetary Policy Stance Not Changed This Month

April 14, 2015

The BI central bank interest rate was kept at 7.5% after this month’s policy meeting.  A released statement projects stronger growth in the second than first quarter and observes a softer rupiah against the dollar since the March meeting.  CPI inflation stands at 6.38%, but an in-target (3-5%) outcome is expected in 2015.  The BI […] More

Central Bank Watch

Monetary Authority of Singapore’s Stance Kept Unchanged

April 14, 2015

Monetary policy in Singapore is subordinated to an exchange rate policy.  Like the previous five semi-annual reviews, the mid-point, slope, and width of the Singapore dollar target band were left unchanged.  A policy tightening in April 2012 via a steepening slope in the currency corridor reversed a flattening slope that was implemented six months earlier […] More

New Overnight Developments Abroad - Daily Update

Stronger Pound and Yen, Weaker European Share Prices and Commodities

April 14, 2015

The dollar is 0.4% softer against sterling and the yen but otherwise little changed. Gold and oil have fallen by 0.7% and 0.4% to $1,190.7 per ounce and $52.11 per barrel. Stocks have declined by 1.6% in Hong Kong, 1.3% in Italy, 1.1% in Spain and 0.7% in Germany. The 10-year German bund is a […] More

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