Archive for September 28th, 2015

Central Bank Watch

Bank of Israel

September 28, 2015

Israel’s policy interest rate will remain at 0.10% next month, it’s level since a 15-basis point cut announced in late February.  The rate was cut from 3.25% at end-2010 to 0.25%  at end-2014.  Each of the intervening years saw the rate cut by 25 bps on three occasions. A statement of explanation released this past […] More

Central Bank Watch

Colombian Central Bank Interest Rate Raised by 25 Basis Points

September 28, 2015

The new benchmark interest rate level in Colombia, announced just before the past weekend, will be 4.75%.  This month’s rate hike was the first change in 13 months.  The interest rate had been lifted five straight meetings from April through August of 2014 to ensure that inflation settles back within the 2-4% target range.  Actual […] More

New Overnight Developments Abroad - Daily Update

Market Unease at Start of Fresh Week

September 28, 2015

A fresh wave of risk aversion swept over European stock markets, where share prices are down so far by 2.2% in France, 2.3% in Greece, 1.8% in Italy, 1.5% in Germany but just 0.4% in Great Britain and Switzerland. Japan’s Nikkei tumbled 1.3%, and stocks dropped by 2.1% in Indonesia, 1.4% in Singapore and 1.0% […] More

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