Archive for June 2nd, 2016

Central Bank Watch

ECB Review

June 2, 2016

The Governing Council left key interest rates unchanged.  The last changes in March sliced the refinancing rate and marginal lending facility rate by 5 basis points each to zero and 0.25%, respectively, and the deposit rate by 10 basis points to negative 0.40%. A released statement from ECB President Draghi placed the focus on implementing […] More

New Overnight Developments Abroad - Daily Update

Central Bank News from Japan as Investors Await ECB Press Conference

June 2, 2016

Bank of Japan Board member Sato spoke sharply in opposition to the current policy stance.  He had voted against negative interest rates earlier this year and is even more convinced now that the strategy of quantitative easing and negative interest rates no matter what in an effort to restore 2% inflation as soon as possible […] More