Archive for February 3rd, 2016

Central Bank Watch

National Bank of Poland

February 3, 2016

Poland’s council of monetary policymakers last changed the key reference interest rate in March 2015.  That move was a reduction as were nine changes totaling 275 basis points between November 2012 and January 2014.  Poland has negative inflation but economic growth that’s somewhat faster than 3.0%. According to a released statement, deflation hasn’t impeded appropriate […] More

Central Bank Watch

Bank of Thailand

February 3, 2016

Thailand’s Monetary Policy Committee engineered seven reductions of its policy interest rate (each by 25 basis points) beginning in November 2011 and most recently in April 2015.  Cuts in March 2015 and April 2015 were decided by split 4-3 and 5-2 votes.  The latest committee policy meeting ended in a unanimous decision to keep the […] More

Uncategorized

U.S.-Minus-Eurozone Service PMI Spread Negative

February 3, 2016

The U.S. non-manufacturing  purchasing managers index conducted by the Institute of Supply Management printed at 53.5 in January.  It’s a measure of activity growth in which scores of 50.0 separate expansion from contraction, and such was lower than Euroland’s service-sector PMI (53.6) in February for the first time in around two years.  The U.S. index fell […] More

New Overnight Developments Abroad - Daily Update

Dollar Falters Amid Lots of Data Reports

February 3, 2016

There’s a whiff of currency warfare in the air.  N.Y. Fed President Dudley warned that either a sustained dollar rise or global slowdown would impair the U.S. economy and affect Fed policy.  Esther George of the K.C. Fed shrugged off stock volatility at not necessarily surprising or worrisome.  Reserve Bank of New Zealand Governor Wheeler […] More

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