Archive for September 30th, 2015

Central Bank Watch

National Bank of Romania

September 30, 2015

Romania’s monetary policy rate will remain at 1.75%.  Four 25-basis point cuts were undertaken this year by May 6 on top of 125 basis points of reduction last year.  CPI inflation was just 0.3% last month, well below target.  A released statement speaks of balancing the prospect of more disinflation in the near term with […] More

Central Bank Watch

Central Bank of Iceland Raised Reserve Requirement but Left Interest Rates Unchanged for Now

September 30, 2015

The reserve requirement ratio was doubled to 4% after the latest monetary policy meeting.  The seven-day collateralized lending rate stays at 6.25%, and the one-week term deposit rate is 5.5%, also unchanged.  Rates were increased earlier by 50 basis points in June (in a first hike since November 2012) and again in August.  Moreover, a […] More

New Overnight Developments Abroad - Daily Update

Torrential Data and Continuing High Market Volatility

September 30, 2015

Considerable economic data were released on this final day of the third quarter. Markets await speeches from Fed Chair Janet Yellen and New York Fed District President Dudley.  Share prices rebounded 2.1% in Australia, 1.9% in Hong Kong, 1.5% in India, 1.1% in Indonesia, 2.7% in Japan, 1.0% in South Korea and 0.8% in China. […] More

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