Archive for February 13th, 2019

Central Bank Watch

Swedish Riksbank

February 13, 2019

Swedish Riksbank has not had a positive repo rate since a 25 basis point cut to zero percent in October 2014. That had been followed by additional reductions of 10 basis points in February 2015 and July 2015 and of 15 bps each in March 2015 and February 2016. But at this past December’s review, […] More

Central Bank Watch

Reserve Bank of New Zealand Doesn’t Anticipate a Rate Change This Year or Next

February 13, 2019

The U.S. dollar lost 1.3% overnight against the kiwi. Officials at the Reserve Bank of New Zealand chose to retain a 1.75% Official Cash Rate. This was the 15th straight monetary policy review in which the interest rate benchmark was not moved, and a released statement reiterated that the next rate move could conceivably be […] More

New Overnight Developments Abroad - Daily Update

Policies Driving Currency Markets as More Evidence Emerges of Slower Global Growth

February 13, 2019

Industrial Production in the euro area fell 0.9% in December, more than double the expected slide after a 1.7% drop recorded in November. This resulted in a 4.2% 12-month rate of decline, the biggest on-year contraction since November of 20o9. December output among the common currency bloc’s five largest economies fell from end-2017 levels by […] More

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