Central Bank Watch
National Bank of Romania
November 7, 2017
Romania’s monetary policy rate stays at 1.75%, but the overnight lending and deposit rate corridor was narrowed further with a 25-basis point cut of the former to 2.75% and a hike of the latter to 0.75% from 0.50%. A statement was released after the latest review that observes solid economic growth, a recent pickup of […] More
Central Bank Watch
Central Bank of Sri Lanka
November 7, 2017
The Monetary Policy Committee kept its deposit rate unchanged at 7.25% and its lending facility rate at 8.75%. The late increases in these rate were a pair of 50-basis point moves in February and July of 2016, and the levels are now the highest in a bit over four years. The post-meeting statement revises projected […] More
Central Bank Watch
Reserve Bank of Australia
November 7, 2017
Australia’s Official Cash Rate has been at a record low 1.5% since August 2016 when such was cut by 25 basis points. Even though the economy has not had a recession for over 20 years, price and wage inflation are currently low. The on-year rise in consumer prices, both total and core, continues to be […] More
New Overnight Developments Abroad - Daily Update
Korea, Saudi Arabia, Central Bank Meetings, and More Data
November 7, 2017
Market Action: The dollar rose overnight by 0.5% against the Australian dollar, 0.4% versus the loonie, peso and euro, 0.3% relative to the yen and sterling, 0.2% against the Swiss franc and 0.1% against the yuan. EUR/USD is at a 4-month low. Stocks climbed 1.7% in Japan on Tuesday, 1.5% in Hong Kong, 1.0% in […] More
