Central Bank Watch
Czech National Bank Policy Unchanged at Latest Meeting
June 29, 2017
The central bank’s key two-week repo rate has been at 0.05% since November 2012, but an asymmetric foreign exchange policy that prevented the koruna from strengthening beyond 27 per euro in the period from November 2013 was ended this past April 6. A statement after the latest CNB policy review is upbeat about growth prospects […] More
Deeper Analysis
Comment on Revised U.S. GDP Figures
June 29, 2017
According to revised figures, real GDP expanded 1.4% at an annualized rate between the last quarter of 2016 and the first quarter of 2017. The initial estimate of 0.7% was revised a month ago to 1.2%. Personal consumption (up 1.1% annualized), non-residential business investment (10.4%) and residential construction (13.0%) collectively augmented real GDP growth by […] More
New Overnight Developments Abroad - Daily Update
Dollar and Fixed Income Security Prices Soften
June 29, 2017
The dollar declined overnight by 0.5% against the peso, 0.4% relative to the Australian currency, 0.3% versus the yuan and sterling, 0.2% vis-a-vis the euro, and 0.1% against the Swiss franc and loonie. The dollar firmed 0.2% against the kiwi and 0.3% versus the yen. Ten-year German bund and British gilt yields jumped five basis […] More
