Central Bank Watch
European Central Bank Leaves Interest Rates Unchanged and Stops New Asset Purchases
December 13, 2018
The ECB’s interest rate structure has been at a record low since March 2016, consisting of a zero refinancing rate flanked by an overnight deposit rate of negative 0.40% and a marginal lending facility rate of +0.25%. At its last policy review of 2018, the central bank’s Governing Council reaffirmed that these rates are likely […] More
New Overnight Developments Abroad - Daily Update
Many Central Bank Meetings and a Stunning Deceleration of U.S. Import Price Inflation
December 13, 2018
The dollar shows no net overnight change against the Swiss franc, Chinese yuan, New Zealand dollar, or Canadian dollar. The greenback rose 0.8% versus the Mexican peso, 0.4% relative to the yen, and 0.1% versus the euro while dipping 0.1% vis-a-vis the Australian dollar and sterling. Asian equities rallied, but share prices in Europe and […] More
