Archive for January 12th, 2017

Central Bank Watch

Central Reserve Bank of Peru

January 12, 2017

Although Peru’s key central bank rate was left at 4.25%, its level since the last February’s last of four cuts of 25 basis points each in the space of five months, a released statement┬árevises projected inflation over the coming year up slightly and observes that “the water deficit generated by adverse climate factors has been […] More

Central Bank Watch

National Bank of Serbia Retains 4.0% Interest Rate

January 12, 2017

From an April 2013 high of 12.25%, the Serbian central bank interest rate was reduced 275 basis points later that year, 150 bps in 2014, 350 bps in 2015, and by 25 bps each in February and July of last year. A statement following today’s decision to keep the rate at 4.0% projects low, stable […] More

New Overnight Developments Abroad - Daily Update

Sinking Dollar

January 12, 2017

President-Elect Trump’s press conference yesterday was contentious and uninformative with regard to coming policy specifics, leaving investors confused, disillusioned and scared. The dollar, which had rallied since the U.S. election, suffered significant overnight losses against advanced and emerging market currencies alike. The greenback lost 1.2% against the yen and peso, 1.0% relative to the kiwi, […] More

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