Central Bank Watch
Bank of Israel: No Rate Change
March 25, 2013
The Bank of Israel statement following the March interest rate meeting, which was tucked in just prior to the Pesach holiday, unvealed a third consecutive decision to leave the benchmark interest rate at 1.75%. Six cuts of 25 basis points apiece were implemented between September 2011 and December 2012. Israeli growth slowed in 2012 and […] More
New Overnight Developments Abroad - Daily Update
Deal Reached on Cyprus… Quiet Day from Data Standpoint
March 25, 2013
An agreement was forged between the creditor troika (ECB, EU, and IMF) and Cyprus that isolates Bank Laiku’s bad assets, permits bailout money to flow, and penalizes large shareholders and bondholders but not other depositors. In the end, other EU governments flinched to avert a crisis. Stocks are up 1.8% in France, 1.5% in Germany, […] More
