Central Bank Watch
Central Reserve Bank of Peru
January 11, 2018
Peruvian Central Bank Board members continued the pattern of cutting their policy rate every other monthly meeting. As they had done in May, July, September, and November, officials cut such by 25 basis points, and the new level becomes 3.0%. A released statement projects a further near-term decline of CPI inflation and core inflation. Inflation […] More
Central Bank Watch
National Bank Serbia
January 11, 2018
Serbia’s central bank policy rate was lowered by 825 basis points from April 2013 though July 2016, but the executive board has implemented just a single 25-basis point cut in October 2017 to 3.5% during the subsequent year and a half. A released statement after the first policy review of 2018 notes that CPI inflation […] More
New Overnight Developments Abroad - Daily Update
Upbeat ECB Minutes Lift Euro
January 11, 2018
Minutes of the December ECB Governing Council meeting seem to proclaim the beginning of the end of the central bank’s ultra-easy stance. Quantitative settings were not changed, and a continuing determination to complete the current campaign of quantitative stimulus was projected. But the following paragraph initiates a coming shift in forward guidance. It was argued […] More
