Central Bank Watch
Central Bank of Poland
April 15, 2015
Having cut the reference interest rate by 50 basis points to 1.50% at the prior meeting on March 4, Poland’s Monetary Council elected not to ease further at today’s meeting. The March action was the first one since January 2014, when it was also reduced by 50 basis points. Since November, the rate has been […] More
Central Bank Watch
Central Bank of Sri Lanka
April 15, 2015
Sri Lanka’s Monetary Board surprised investors with a 50-basis point cut in its lending rate to 7.5% and borrowing rate to 6.0%. This was the first change in those rates in a year and a half. They had been cut by 50 bps in October 2013 and previously by that amount in August 2013 and […] More
Central Bank Watch
Bank of Canada Maintains 0.75% Overnight Interest Rate Target and Released New Monetary Policy Report
April 15, 2015
In conjunction with the previous quarterly full review, the interest rate had been cut by 25 basis point to 0.75%. That was the first rate change, up or down, since a hike of 25 basis points in September 2010. A subsequent Governing Council meeting on March 4 retained the 0.75% target along with a 1.0% […] More
Central Bank Watch
ECB Press Conference
April 15, 2015
The Governing Council statement made no new policy initiatives, proclaimed the focus now to be on full implementation of the considerable measures taken in recent months and defended those actions as appropriate but in need of supportive fiscal policies and structural reforms from member governments. President Draghi’s press conference may be most remembered for the […] More
New Overnight Developments Abroad - Daily Update
Many Competing Stories but a Unifying Theme is Better Growth in Europe by a Slower Trend Elsewhere
April 15, 2015
ECB President Draghi is wrapping up his press conference. Policy wasn’t changed further. Focus is currently on full implementation of policy initiatives taken recently. Draghi finds the favorable impact of quantitative easing to be impressive: real interest rates have fallen as expected inflation is rising. An important new sentence in the released statement explains what […] More
