Archive for May 3rd, 2018

Central Bank Watch

Central Bank of Chile

May 3, 2018

Chilean monetary officials unanimously agreed to keep their monetary policy rate at 2.5%, the level since four 25-basis point cuts in the first five months of last year. A statement was released affirming the Board intention to “keep the monetary stimulus at its current level until macroeconomic conditions tend to consolidate the convergence of inflation […] More

Central Bank Watch

Bank of Norway

May 3, 2018

Norway’s key central bank policy rate was left at 0.5%, the level since a 25-basis point cut in March 2016 culminated 175 basis points of rate reduction since 2011. A released statement after the latest monetary review indicates that the likeliest timing of an initial rate hike appears will be after this summer. While underlying […] More

Central Bank Watch

Czech National Bank

May 3, 2018

The Czech two-week central bank repo rate was left unchanged at 0.75% by a six to one vote and will continue to be flanked by a 0.05% deposit rate and a 1.50% Lombard rate. The lone dissenting vote favored a 25-basis point hike in the 2-week repo to 1.0%. Policy normalization began exactly one year […] More

New Overnight Developments Abroad - Daily Update

Market Disturbances

May 3, 2018

Share prices fell late yesterday in the wake of an FOMC statement that reinforced the possibility of faster, rather than slower, rate hike normalization. Overnight in the Pacific Rim, Japan’s string of Golden Week holidays resumed with Constitution Day, but stocks elsewhere fell 2.6% in Indonesia, 1.4% in Hong Kong, 1.1% in Singapore, 0.6% in […] More

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