Archive for February 7th, 2017

Central Bank Watch

Central Bank of Sri Lanka

February 7, 2017

Fifty-basis point increases in Sri Lanka’s central bank lending and deposit rates last February and July reversed half of the previous cumulative easing engineered from October 2012 to April 2015. The hikes in 2016 were done to curb excessive demand in order to pre-empt escalation of inflationary pressures and also to support the country’s balance […] More

Central Bank Watch

National Bank of Romania Keeps 1.75% Interest Rate

February 7, 2017

Romania’s 25-basis point central bank rate reduction in May 2015 was its ninth and last such cut since the start of 2014. The latest monetary policy review observed inflation to still lie below zero and sees a somewhat less inclining uptrend than imagined before “due mainly to new disinflationary supply-side shocks that emerged from November […] More

Central Bank Watch

Reserve Bank of Australia: No Change

February 7, 2017

The central bank Board holds eleven policy meetings each year, skipping only January, which is mid-summer down under. So after a two-month break, officials made the same decision that had been reached at the four final reviews in 2016 by leaving the Official Cash Rate unchanged at a record low of 1.50%. There were two […] More

Uncategorized

Stronger Dollar and a Few Central Bank Policy Meetings

February 7, 2017

The theme of tightening Fed policy and looser U.S. fiscal policy returned to the fore, lifting the dollar overnight by 1.1% against the euro, 0.8% versus the Swiss franc, loonie and sterling, 0.6% relative to the yen, 0.5% against the Australian dollar, 0.4% versus the Mexican peso and 0.3% vis-a-vis the New Zealand dollar and […] More

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