Archive for June 7th, 2017

Central Bank Watch

National Bank of Poland

June 7, 2017

Poland’s reference interest rate was left at 1.5%, its level since a pair of 50-basis point cuts in January and March of 2015. From November 2012 to July 2013, the rate was earlier sliced from 4.75% to 2.50%. A statement released today observed that economic growth in Poland had accelerated last quarter and was led […] More

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Reserve Bank of India

June 7, 2017

For a fourth straight Monetary Policy Committee meeting, the key repo interest rates in India was kept at 6.25%. Such had been reduced by 125 basis points in 2015 and by a further 25 basis points in April and October of 2016. The Reserve Bank of India has a medium-term inflation target of 4.0%, and […] More

Central Bank Watch

Reserve Bank of Australia

June 7, 2017

The June Board meeting on the 6th left Australia’s Official Cash Rate at 1.5% as expected. It was last changed in August 2016, a cut from 1.75%, and similar-sized reductions were authorized in October and December 2012, May and August 2013, February and May 2015, and May 2016. The main revelation from the released statement¬†from […] More

New Overnight Developments Abroad - Daily Update

Markets Less Fearful

June 7, 2017

The troubled Banco Popular in Spain is being acquired by Banco Santander, easing concerns about the banking system in Euroland’s fourth largest economy. Donald Trump announced the nomination of a former assistant attorney general from the Bush43 administration, Christopher Wray, to be FBI Director. The timing of this revelation one day before the highly awaited […] More

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