Archive for June 15th, 2015

Central Bank Watch

Central Bank of Russia Cuts Key Interest Rate for Fourth Time in 2015

June 15, 2015

Following reductions of 200 basis points (bps) in January, 100 bps in March and 150 bis at the end of April, Russia’s main central bank rate was reduced today by 100 bps to 11.5%.  This cumulative 550-bp decline reverses by more than half a combined 900-bp rate hike last November-December, and more monetary relief is […] More

New Overnight Developments Abroad - Daily Update

Failed Greek Debt Negotiations Hammer Stocks in Asia and Europe

June 15, 2015

A lack of progress in Greek debt talks over the weekend maintained heavy selling pressure on equities, which have fallen 4.5% in Greece, 1.6% in Germany and Spain, 2.1% in Italy, 0.9% in Switzerland, 1.2% in France and 0.7% in Britain.  Around the Pacific Rim, stocks fell 2.0% in Hong Kong and Indonesia, 2.1% in […] More