Archive for November 17th, 2015

Central Bank Watch

Hungarian Monetary Policy Left Unchanged

November 17, 2015

Hungary’s central bank interest rate was kept at 1.35%.  A released statement notes continuing spare capacity and low inflation.  The output gap is not expected to close completely until the end of the forecast period, and stable inflation expectations in line with the target is seen.  “If the assumptions underlying the Bank’s projections hold, the […] More

Central Bank Watch

Indonesia’s Reserve Requirement Lowered 50 Basis Points

November 17, 2015

At the November Board of Governors meeting at Bank Indonesia, officials agreed to ease monetary policy via a reduced via a reduction of the primary reserve requirement in Rupiah from 8.0% 7.50.  The BI reference interest rate and the central bank deposit rate were left unchanged at 7.5% and 5.5%, respectively.  These had been cut […] More

New Overnight Developments Abroad - Daily Update

Share Prices Up, Dollar Fairly Steady Awaiting U.S. CPI and Industrial Production Data

November 17, 2015

The dollar is unchanged against the Canadian dollar and sterling.  It has risen 0.3% versus the Swiss franc and kiwi, 0.2% relative to the euro, and 0.1% vis-a-vis the yuan and yen but lost 0.3% against the Australian dollar. The Aussie dollar was buoyed by Reserve Bank of Australia minutes of the November 3rd Board […] More

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