Archive for July 9th, 2015

Central Bank Watch

Bank Negara Malaysia

July 9, 2015

Malaysia’s overnight monetary policy rate will continue to be at 3.25%, the level since a 25-basis point hike in July 2014 and four earlier such increases between March 2010 and May 2011.  A statement today from the Monetary Policy Committee speaks of increased global downside risks to growth, continuing moderate growth in Malaysia, higher inflation […] More

Central Bank Watch

Bank of Korea

July 9, 2015

The latest policy meeting of South Korea’s Monetary Policy Committee ended with no further change in the seven-day record low 1.5% repo rate.  A 25-basis point cut of such in June had been the second reduction of 2015 and the seventh cut from a 3.25% peak since July 2012.  The South Korean economy continues to […] More

Central Bank Watch

Bank of England: No Change in Stance

July 9, 2015

A boilerplate statement from the Monetary Policy Committee informs the public that no changes were taken in the 0.5% Bank Rate or the 375 billion pound limit on the asset purchase program.  Minutes of the July 8-9 meeting will be published on July 22.  The June meeting had been unanimously in favor of retaining unchanged […] More

New Overnight Developments Abroad - Daily Update

China Situation Better, Greek Situation Still Ominous

July 9, 2015

The Shanghai Composite index of Chinese share prices jumped 5.8%, as officials imposed even more restrictions to prevent big sale orders and short selling in general.  Elsewhere in the Pacific Rim, stocks rose 4.5% in Hong Kong but fell 0.7% in Indonesia and Taiwan, 0.5% in New Zealand and Singapore and 0.4% in India.  The […] More

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