Central Bank Watch
National Bank of Serbia
November 9, 2017
Having been cut by 50 basis points at the prior meeting of the Serbian central bank executive board a month ago, officials made no further change at this time. The policy rate stays at 3.5%. There were two 25-basis point cuts made in 2016, 350 basis points of reduction in 2015, 150 bps of cuts […] More
Central Bank Watch
Bank Negara Malaysia
November 9, 2017
A statement released after this year’s last scheduled meeting of 2017 announces that the Central Bank of Malaysia’s overnight policy will stay at an accommodative 3.0% but includes a hint that a rate hike may be somewhere in the pipeline: Given the strength of the global and domestic macroeconomic conditions, the Monetary Policy Committee may […] More
Central Bank Watch
Bangko Sentral ng Pilipinas
November 9, 2017
The Filipino reverse repo rate has been at 3.0% since a pair of 25-basis point hikes in July and September of 2014. A statement released by the Monetary Board after the last review considers 3.0% to still be an appropriate level even though risks to the inflation output lie a tad to the upside. Inflation […] More
Central Bank Watch
Reserve Bank of New Zealand
November 9, 2017
CPI inflation is projected to remain near the midpoint of the target range, and longer-term inflation expectations are well anchored at 2 percent. Monetary policy will remain accommodative for a considerable period. Numerous uncertainties remain and policy may need to adjust accordingly. So concludes a statement from Governor Spencer after the Official Cash Rate was […] More
New Overnight Developments Abroad - Daily Update
A Rebound in Sovereign Bond Yields but Softer Stocks and Dollar
November 9, 2017
The dollar fell 0.5% overnight against the yen, 0.3% versus the euro and Swiss franc and 0.1% relative to the loonie. The Australian dollar and sterling are unchanged, and the kiwi, yuan and peso dipped 0.1%. Share prices eased 0.7% in Taiwan, 0.3% in New Zealand and 0.2% in Japan. Equity losses today in Europe […] More
