Central Bank Watch
Israeli Policy Interest Rate Left at 1.5%
June 28, 2010
For a third straight month, the Bank of Israel decided not to implement a fifth rise of the short-term borrowing rate. Such remains at 1.5%, after 25-basis points implemented last August, November, December and March. A statement from the Bank of Israel repeats the view made in the April and May statements that present policy […] More
New Overnight Developments Abroad - Daily Update
Swissy Strengthens, Kiwi Weakens
June 28, 2010
The summit of G-20 leaders in Toronto over the weekend released a statement that had something for everybody. Omitted any reference to the yuan or, more generally, foreign exchange conditions and policy coordination. Identified a strengthening recovery as the key near-term priority. Warned of the downside risk from a synchronized fiscal adjustment across several major […] More
