Archive for May 25th, 2009

Central Bank Watch

Israeli Central Bank Rate To Remain at 0.5%

May 25, 2009

The Bank of Israel left monetary unchanged as expected, having earlier cut its key rate from 4.25% at the start of October to 0.5% late in the first quarter.  Monetary officials also are continuing to buy government bonds and dollars to promote liquidity and contain any upward drift in long-term interest rates.  A statement from […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Surprise North Korean Nuclear and Missile Test

May 25, 2009

Western leaders have condemned North Korea’s first nuclear test in almost three years.  The surprise action has depressed the Australian and New Zealand currencies by 0.4% and the yen by 0.3% against the U.S. dollar.  The greenback also advanced 0.6% against the Canadian dollar and 0.3% versus sterling, but it is unchanged against the euro […] More