Archive for September 23rd, 2013

Central Bank Watch

Bank of Israel Cuts Policy Interest Rate Unexpectedly

September 23, 2013

There has been a ninth interest rate cut of 25 basis points in the current streak of ease dating back to September 2011.  Compared to a peak then of 3.25%, Israel’s central bank interest rate now falls to 1.0%, and all but 50 basis points of the normalization engineered from August 2009 to May 2011 […] More

New Overnight Developments Abroad - Daily Update

German Election Results and Preliminary September Chinese and Euroland PMI Readings

September 23, 2013

Japan was closed in observance of the autumnal equinox. The right-of-center Christian Democrats and Christian Social Union did much better than forecast.  Those sister parties picked up 72 seats in German national parliamentary elections to fall just marginally under securing an absolute majority.  Angela Merkel is assured of a third four-year term as German Chancellor.  […] More