Archive for May 28th, 2012

Central Bank Watch

Bank of Israel Interest Rate Benchmark Stays at 2.5%

May 28, 2012

The Bank of Israel left its key interest rate unchanged.  From a post-Great Recession low of 0.5% through August 2009, the benchmark was lifted by 75 basis points over the rest of 2009, 75 bps in 2010, and 125 bps in four steps during the first half of 2011, but three cuts of 25 bps […] More

New Overnight Developments Abroad - Daily Update

Dollar Down and Share Prices Up

May 28, 2012

U.S. markets will be closed for Memorial Day, and Whit Monday observances held down activity in Europe and selected other regions. There’s been a bit of a respite in the degree of risk aversion.  Greek opinion polls over the weekend indicated that Greek voters are have second-thoughts about Grexit, fearing that abandoning the euro might […] More