Archive for May 17th, 2017

Central Bank Watch

National Bank of Poland

May 17, 2017

Prior to November 2012, the Polish central bank reference interest rate had been 4.75%. 2.25 percentage points of monetary easing were implemented by July 2013, and two cuts of 50 basis points each in the first quarter of 2015 reduced the key rate to a record low of 1.5% where it has remained for the […] More

Central Bank Watch

Central Bank of Iceland

May 17, 2017

A stronger anchor for inflation expectations at target and the appreciation of the kr√≥na have enabled the Monetary Policy Committee to achieve its legally mandated price stability objective with a lower interest rate than would otherwise have been possible. Officials undertook a third cut of the 7-day repo rate during the past year, but at […] More

New Overnight Developments Abroad - Daily Update

Cheaper Dollar as U.S. Political Surprises Mount

May 17, 2017

The dollar fell overnight by 0.7% against the yen, 0.4% relative to the euro, Swiss franc and sterling, and 0.1% versus the kiwi. The dollar alternatively rose 0.4% against the peso, 0.3% versus the Aussie dollar, ad 0.2% relative to the loonie. Ten year German bund and British gilt yields are two basis points lower, […] More

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