Archive for August 27th, 2012

Central Bank Watch

Policy Pause Continues at the Bank of Israel

August 27, 2012

Four 25-basis point central bank interest rate reductions had been implemented in September 2011, November 2011, January 2012 and June 2012, trimming the level to 2.25% from 3.25%.  But this month as in July, Bank of Israel policymakers decided to to ease monetary policy further.  A statement released today following the monthly meeting stressed that […] More

New Overnight Developments Abroad - Daily Update

Eye on Jackson Hole, Gulf Coast, and Greek Debt

August 27, 2012

It’s been another summer Monday of waiting for events to unfold.  The dollar is marking time with no net overnight changes against the euro, yen, Swiss franc or loonie, an uptick of 0.1% against sterling and the yuan, and a 0.2% rise relative to the kiwi.  An exception to this stability is an advance of […] More