Archive for September 8th, 2016

Central Bank Watch

ECB Passes on an Opportunity to Augment Stimulus

September 8, 2016

In a show of shock and awe six months ago, the Governing Council reduced its refinancing rate, marginal lending facility rate and deposit rate to zero, 0.25% and negative 0.40%, plus quantitative stimulus was expanded 33% to monthly asset purchases of EUR 80 trillion. Although not universally expected by analysts, some believed and even more […] More

Central Bank Watch

National Bank of Serbia Keeps Policy Settings Unchanged

September 8, 2016

Serbia’s central bank interest rate had earlier this year been cut by 25 basis points in both February and July, and it now is at 4.0%. It was previously reduced by 50 basis points on seven occasions in 2015 from 8% prior to March of that year. Following the latest executive board meeting, a statement […] More

New Overnight Developments Abroad - Daily Update

ECB Fails to Ease.. Several Japanese and Chinese Indicators Reported

September 8, 2016

The dollar fell overnight by 0.6% against the Australian dollar, 0.5% relative to the euro, 0.3% versus the Swissie, and 0.1% vis-a-vis the yen, loonie and sterling. The yuan is steady. Share prices around the Pacific Rim fell 0.7% in New Zealand and Australia and 0.3% in Japan but rose 0.6% in Hong Kong. In […] More

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