Archive for July 13th, 2017

Central Bank Watch

Central Reserve Bank of Peru’s Reference Rate Cut to 18-Month Low of 3.75%

July 13, 2017

Peru’s central bank rate 25-basis point cut this month was the second one of 2017 and returns the level to its lowest point since mid-December 2015 to mid-January of 2016. Both headline and core inflation are falling according to a released statement, and they are within the 1-3% target range. Expected inflation is also creeping […] More

Central Bank Watch

Bank Negara Malaysia

July 13, 2017

Malaysia’s central bank policy rate was maintained at 3.0%, its rate for the past year. There had been cuts of 25 basis points in both July 2014 and July 2016. Expectations of a possible rate hike later this year have faded as a spike in inflation is being unwound gradually. A statement released today indicates […] More

Central Bank Watch

Bank of Korea

July 13, 2017

Thirteen months have passed since the last base rate change in South Korea, and although central bank officials bumped projected 2017 economic growth up somewhat to 2.8%, the base rate was left at 1.25%. Five cuts spaced out from April 2014 to June 2016 had previously halved the policy interest rate. A statement released today […] More

New Overnight Developments Abroad - Daily Update

Bond Yields, Oil and Dollar Down, Equities and Gold Up

July 13, 2017

The dollar depreciated 0.7% against the Australian dollar, 0.3% relative to sterling, and 0.1% vis-a-vis the yen, yuan, peso, kiwi and loonie. Exceptions to this downtrend were daily dollar rises of 0.3% against the euro and 0.1% relative to the Swiss franc. West Texas Intermediate crude oil fell 0.7% to $45.19 per barrel. Ten-year German […] More

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