Archive for August 22nd, 2017

Central Bank Watch

An Unexpected Interest Rate Cut by Bank Indonesia

August 22, 2017

Indonesia became the latest central bank from an emerging market economy to cut its interest rates. The previous six changes, each like today’s move a cut of 25 basis points, were implemented from January to October in 2016. Then easing was stopped because officials worried that Fed rate normalization would expose the rupiah and Indonesian […] More

Central Bank Watch

Central Bank of Hungary

August 22, 2017

Hungary’s key central bank interest rate was slashed from 7.0% some five years ago to 0.90% after a 15-basis point reduction on May 24, 2016. That was its last change. However, other rates like the overnight lending and deposit rates were reduced further subsequently — and are now at 0.90% and -0.05%. Other unconventional monetary […] More

New Overnight Developments Abroad - Daily Update

A Corrective Day in the Marketplace

August 22, 2017

The dollar rebounded, and so did most stock markets in Asia and Europe. Bond yields and gold eased back. These changes partly reverse trends in recent days but have no obvious reason for doing so other than it was time for a correction, however brief. After heavily criticizing the never-ending war in Afghanistan, President Trump […] More

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