Archive for June 25th, 2015

Central Bank Watch

Czech National Bank More Upbeat Regarding Economic Trends but No Change in Policy

June 25, 2015

The latest CNB Board’s policy statement conveys three messages: The Czech economy is experiencing stronger growth and faces a reduced deflationary risk. Board members voted unanimously not to change monetary policy settings. The commitment not to tighten policy settings before the second half of 2016 remains intact. The Czech interest rate has been at 0.05% […] More

Central Bank Watch

No Changes to Filipino Monetary Policy After Latest Board Meeting

June 25, 2015

Not only did the Monetary Board leave the 4.0% overnight borrowing rate, 6.0% overnight lending rate and reserve requirements unchanged after its latest policy meeting, but it also released a statement that reiterates virtually identically the points summarized in my review of the prior meeting held on May 14.  Officials at Bangko Sentral ng Pilipinas […] More

New Overnight Developments Abroad - Daily Update

Greek Talks Looking Grim

June 25, 2015

Daybreak on Thursday brings news of an ultimatum to the Tsipras government from its Troika of creditors, not the breakthrough that investors had been hoping to hear.  The deadline has already passed.  Final decision now moves on to eurozone finance ministers, who meet later this day, but the outlook for a deal does not appear […] More

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