Archive for February 24th, 2014

Central Bank Watch

Bank of Israel Implements a 25-Basis Point Interest Rate Cut to 0.75%

February 24, 2014

Israel’s key central bank lending rate for March will be within 25 basis points of the Great Recession low of 0.5%.  Few analysts foresaw today’s rate reduction by monetary officials, which was the first drop since September 23 and the tenth consecutive decline of such magnitude dating back to September 2011.  Following the Great Recession, […] More

New Overnight Developments Abroad - Daily Update

Opening Act on Last Week of February

February 24, 2014

It’s been a comparatively uneventful Monday session for the dollar, which shows no net change against the euro, yuan or sterling, a 0.1% uptick against the Swiss franc, but 0.2% declines relative to the yen and Canadian, Australian and New Zealand dollars. Share prices slumped 2.2% in China, but less action was seen in other […] More