Archive for June 7th, 2016

Central Bank Watch

Reserve Bank of India

June 7, 2016

The RBI’s repo rate was cut by a total of 150 basis points from 8.0% prior January 2015 to 6.5% — a 5+ year low — at the previous bi-monthly monetary policy review in April.  The size of April’s reduction was 25 basis points.  The reverse repo was also sliced in April and stands at […] More

Central Bank Watch

Reserve Bank of Australia

June 7, 2016

The RBA’s Official Cash Rate, which was reduced for the first time in a year at May’s monthly meeting, was left unchanged at a record low of 1.75% this month. Governor Glenn Stevens released a statement calls the policy stance appropriately accommodative and cited event risks in the global environment like the Brexit referendum.  Inflation is projected […] More

New Overnight Developments Abroad - Daily Update

Stocks Up, Sterling Up and Dollar Mostly Down

June 7, 2016

Sterling recovered around 1%.  Today’s released polls showed voters narrowing favoring staying in the EU, whereas yesterday’s releases gave an edge to the “leave” camp. The dollar otherwise is down 1.0% against the Australian dollar, 0.4% versus the Swiss franc, 0.3% relative to the kiwi and loonie but unchanged against the euro and 0.1% higher […] More

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