Archive for July 21st, 2016

Central Bank Watch

South African Reserve Bank: No Change in Policy Interest Rate

July 21, 2016

Like the ECB Governing Council and Bank Indonesia’s Board of Governors, each of which also held policy meetings today, South Africa’s Monetary Policy Committee chose not to initiate a change at this time.  Whereas the other two central banks might arguably eased, the risk in the case of South Africa was on the upside.  According […] More

Central Bank Watch

ECB Keeps Things the Same

July 21, 2016

Concluding that the immediate disruption to eurozone financial markets from the British Brexit referendum had been short-lived in part because of policy supports to make the banking system more resilient, the ECB Governing Council left interest rates and non-standard policy instruments unchanged and released a statement explaining the latest thinking on the economic outlook. Officials […] More

Central Bank Watch

Bank Indonesia’s Policy Rates Left the Same

July 21, 2016

The main BI interest rate had be cut in four steps, most recently in June, from 7.5% to 6.5% earlier this year, and a statement released after this month’s decision not to ease further now suggests that more rate cuts lie ahead.  As of next month, the operative policy rate will switch to the seven-day […] More

New Overnight Developments Abroad - Daily Update

People and U.S. Data Making News

July 21, 2016

At the Republican National Convention in Cleveland, Texas Senator Ted Cruz shocked the crowd by not endorsing Donald Trump for president and was booed for his disloyalty.  Indiana Governor Mike Pence gave a more effective VP nomination speech than had been expected, but the broad picture is one of tensions within the GOP.  Donald Trump speaks […] More

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