Archive for June 4th, 2015

Central Bank Watch

Bank of England

June 4, 2015

The June meeting of the Monetary Policy Committee concluded with an as-expected result — no change in either the 0.5% Bank Rate or the GBP 375 billion limit on the asset purchase program and the release of a statement providing no information regarding what was said at the meeting but directing interested parties to watch […] More

Central Bank Watch

Bank of Brazil

June 4, 2015

In an expected though controversial move contrary to the wish of government officials, Copom, the Bank of Brazil’s monetary policy committee, raised the Selic interest rate to 13.75% from 13.25%.  This was the fourth 50-basis point increase of 2015 and the sixth tightening since late October 2014.  13.75% is the highest Selic rate level since […] More

New Overnight Developments Abroad - Daily Update

Continuing Deadlock over Greece Rattles Markets Badly

June 4, 2015

Ten-year sovereign debt yields rose 8 basis points in the U.K., 5 bps in Germany, and 4 bps in Japan.  Futures put the 10-year Treasury at 2.42%, which like its German counterpart of 0.93% is at a new high for the year. Share prices are down 2.6% in Greece, 1.8% in France, 1.7% in Germany, […] More

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