Central Bank Watch
Reserve Bank of India Eases
October 4, 2016
Markets had not been anticipating a policy change at the latest central bank review, but the Board of Directors agreed instead to enact their second 25-basis point reduction of India’s repo lending rate to 6.25%. The prior cut was done in April, and four cuts during 2015 totaled 125 basis points. In explanation, a released […] More
Central Bank Watch
Reserve Bank of Australia in Wait and See Mode
October 4, 2016
After this month’s Board meeting, Governor Philip Lowe released a statement making the case for not changing the record low 1.5% official cash rate. “Given very subdued growth in labor costs and very low cost pressures elsewhere in the world, quite low inflation is expected to remain the case for some time” despite the moderate economic […] More
New Overnight Developments Abroad - Daily Update
Sterling at Post-Brexit Low but Share Prices Climb
October 4, 2016
Britain’s plans to leave the EU has returned to center stage. Prime Minister Theresa May will address the Tory annual conference tomorrow, but she has already indicated a predisposition for no sugar-coating of the coming change in Britain’s relationship with the European Union. Access to the single market will be constrained, and the all-important financial […] More
