Archive for May 16th, 2018

Central Bank Watch

National Bank of Poland

May 16, 2018

A 1.5% central bank reference interest rate will continue to be flanked by a 0.5% deposit rate and a 2.5% lombard rate. In a released statement,¬†officials note “persistently low domestic inflationary pressure across many countries” and predict that Polish inflation will likely stay near its target pace through the monetary policy transmission horizon. On-year GDP […] More

Central Bank Watch

Central Bank of Iceland

May 16, 2018

Iceland’s Monetary Policy Committee agreed to leave its 7-day term deposit rate at 4.25%. It’s been at that level since a 25-basis point cut last October versus 5.0% at the end of 2016 and 5.75% at the end of 2015. According to a released statement, the monetary stance is tight and appropriately so in order […] More

Central Bank Watch

Bank of Thailand’s Policy Rate Left Unchanged at 1.50%

May 16, 2018

A released statement¬†by the Monetary Policy Committee defends the appropriateness of an accommodative policy stance. Although the economy continues to gain traction, external risks persist. A positive output gap is diminishing, but it will be some time before sub-target inflation rises to its desired level. Core inflation is rising only slowly. Officials promise to monitor […] More

New Overnight Developments Abroad - Daily Update

Watching Several Situations

May 16, 2018

A weaker-than-expected Japanese GDP report saw negative growth on both a nominal and real basis last quarter. There was additional evidence of less inflation than assumed in Europe, and Australian wage costs data show benign containment. Treasury-compiled capital movements revealed another big U.S. inflow in March. It’s been a busy day for central bank news, […] More

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