Archive for June 29th, 2015

Central Bank Watch

Easier Chinese Monetary Policy

June 29, 2015

The People’s Bank of China announced several policy-easing steps over the weekend. The one-year lending rate was cut to 4.85% from 5.10%.  Prior reductions in in November, February and May had trimmed the rate by a total of 140 basis points from 6.00%, and there were also single cuts of 25 basis points and 31 […] More

New Overnight Developments Abroad - Daily Update

Post-Greek Spike in Dollar Not Sustained

June 29, 2015

Greece and China made big news over the weekend. First from Greece:  PM Tsipras threw world financial markets a curve ball, vesting the country’s decision on whether to comply with the terms of the creditors in the hands of the people to be decided by referendum next Sunday, July 5. If his intent was in […] More