Central Bank Watch
National Bank of Poland Keeps 2.5% Seven-Day Repo Rate
February 5, 2014
Poland’s record low central bank interest rate was kept in spite of recent weakness in the Zloty. It has been 2.5% since a 25-basis point cut last July, which culminated an eight-move 225 basis point easing that began in November 2012. A statement released by officials at Narodowy Bank acknowledged the challenges faced by emerging […] More
Deeper Analysis
Service-Sector U.S.-Minus-Ezone PMI Spread Remained Small in January
February 5, 2014
For a sixth straight month, service sector activity expanded in both the United States and euro area, and the pace of expansion accelerated in each case last month. That’s the message from their respective purchasing manager indices released today. The U.S. index increased a whole point to 54.0, a two-month high, and embodied advances of […] More
New Overnight Developments Abroad - Daily Update
Mixed Picture
February 5, 2014
Japan’s Nikkei rebounded 1.2% from a 4-month low on some better-than-expected Japanese earnings from Panasonic, Toyota and Sony. But in a sign of continuing risk aversion, the dollar fell 0.5% against the yen. The greenback is unchanged against the euro, Swissie, Aussie dollar and yuan. It shows gains of 0.3% versus sterling and 0.2% relative to […] More
