Archive for June 28th, 2010

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