Archive for December 25th, 2012

Central Bank Watch

Israeli Interest Rate Reduction

December 25, 2012

The Bank of Israel’s benchmark policy interest rate was cut Money to 1.75% from 2.0%.  Analysts had been split over whether another cut would be implemented or if, as in November, policymakers would choose to change their interest rate.  This was the sixth rate reduction of the cycle.  Earlier moves, all by 25 basis points, […] More

New Overnight Developments Abroad - Daily Update

Christmas Break

December 25, 2012

Financial markets are closed today throughout Europe and in the United States, Canada, Australia and New Zealand.  The most notable exception was Japan, which opened after a three-day weekend observing the Emperor’s birthday.  Many places will stay shut for Boxing Day tomorrow, such as Britain, Hong Kong, Australia, Canada, Greece and Italy. In Japan, an […] More