Archive for December 17th, 2015

Central Bank Watch

Bank Indonesia

December 17, 2015

Monetary authorities in Indonesia also left their key interest rate unchanged after their latest review.  The BI rate has been at 7.5% since a 25-basis point cut in February, and a statement released today reveals that officials are hoping conditions will allow them to ease further next year.  ” Bank Indonesia believes that rooms for […] More

Central Bank Watch

Bangko Sentral ng Pilipinas

December 17, 2015

The Filipino overnight borrowing rate has been at 4.0% since hikes of 25 basis points each in July and September of 2014 and will remain at that level after the latest policy review.  A released statement opines that sub-target current CPI inflation will gradually climb back into the 2-4% designated range during 2016, and observes that […] More

Central Bank Watch

Norway’s Central Bank Policy Rate Kept at 0.75%

December 17, 2015

Officials at Norges Bank had in the past year cut the policy interest rate in December 2014, June 2015 and September 2015 by 25 basis points each time.  Today’s statement strikes a cautious note: ” The krone has depreciated and inflation has picked up. A lower key policy rate may increase the risk of a […] More

Central Bank Watch

Taiwanese Interest Rate Cut to 1.625%

December 17, 2015

The Central Bank of the Republic of China cut its discount rate by 12.5 basis points.  This decision followed a similar action at the prior quarterly review in September but had not been expected by analysts who thought Fed tightening would deter a move now.  At five successive reviews from June 2010 to June 2011, […] More

New Overnight Developments Abroad - Daily Update

Fairly Wild Day after Fed Tightens

December 17, 2015

The Argentine peso dived about 30% to 13.95 per USD following the new Macri governments lifting of capital controls and withdrawal of intervention support.  Officials reserve the right to intervene again in the future if deemed needed. The U.S. currency has advanced broadly and especially against commodity-sensitive currencies.  The U.S. dollar rose 1.3%, 1.0% and […] More

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