Archive for May 11th, 2015

Central Bank Watch

Bank of England

May 11, 2015

After the latest monthly monetary policy meeting, which had been delayed a few days, by last Thursday’s election, Bank of England officials decided to keep their policy settings unchanged.  April’s decision was by unanimous vote, and probably so was this month’s.  This as expected result affirmed a 0.50% Bank Rate, which has been at that […] More

New Overnight Developments Abroad - Daily Update

Offsetting Market Forces

May 11, 2015

Interest rate cuts by the People’s Bank of China sent Chinese share  prices up 2.9%. Impasse in Greek debt talks sent Greek share prices down 2.9%.  German politicians seem more inclined to gamble on Greece exiting the euro, as Greek leaders hint that a scheduled EUR 780 billion payment to the IMF due tomorrow may […] More

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