Archive for June 6th, 2018

Central Bank Watch

Reserve Bank of India

June 6, 2018

A trend reversal in the interest rate cycle has occurred. For the first time since January 2014, monetary officials raised their key repo and reverse repo rates to 6.25% and 6.0%, respectively. Although the future rate bias remains “neutral,” a released statement presents a picture of greater upside inflationary risk despite recently lower food cost […] More

Central Bank Watch

National Bank of Poland

June 6, 2018

The Polish central bank reference rate will stay at 1.5%, its level since cuts of 50 basis points each in January and March of 2015. According to a released statement, “Notwithstanding relatively high economic growth and wages rising faster than in the previous year, consumer price growth remains moderate. Inflation net of food and energy […] More

New Overnight Developments Abroad - Daily Update

A Sharp Increase in European Long-Term Sovereign Debt Yields

June 6, 2018

Ten-year sovereign debt yields have recorded daily increases of 9 basis points in Italy and France, 8 bps in The Netherlands, 7 bps in Germany and Greece, 6 bps in Switzerland and the U.K., 5 bps in Spain and 4 basis points in Portugal. Yields in North America are up 4 bps in Canada and […] More

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