Archive for May 14th, 2015

Bank of Chile

Bank of Chile and Central Reserve Bank of Peru

May 14, 2015

Chile’s key interest rate was left at 3.0%, its level since a 25-basis point cut last October.  That was the sixth reduction in 2014.  Although inflation of 4.2% exceeds the 3% target, officials expect such to converge downward on the target and note that expected inflation remains well-anchored.  Peru’s central bank rate is 25 basis […] More

Central Bank Watch

Central Bank of The Philippines

May 14, 2015

The last changes made to the overnight lending and overnight borrowing rates were hikes of 25 basis points in July and September of 2014.  Those rates since then have been at 6.0% and 4.0%.  This month’s policy meeting decided to keep those levels and also made not changes to reserve requirements.  A released statement reaffirmed […] More

New Overnight Developments Abroad - Daily Update

Risk On

May 14, 2015

The dollar retreated further on Thursday.  By mid-morning in New York it had declined 0.5% against the euro, 0.4% versus the Swiss franc, 0.3% relative to sterling and the kiwi, 0.2% vis-a-vis the Australian and Canadian dollars, and 0.1% against the yen.  The Chinese yuan is steady. The DOW is up 0.6%, and stocks in […] More