Central Bank Watch
National Bank of Poland
April 9, 2014
Poland’s seven-day repo rate should stay at a record low of 2.5% “. at least until the end of the third quarter of 2014,” according to a released statement following Narodowy Bank’s policy meeting. It has been at 2.5% since a 25-basis point cut in July 2013. That cut culminated a series of 7 reductions […] More
Central Bank Watch
Swedish Repo Rate Likely to Stay at 0.75% for Another Year
April 9, 2014
The Swedish Riksbank sliced its repo rate four times between December 2011 and December 2012 and implemented a fifth reduction (all by 25 basis points) in the final month of 2013. Those changes pushed Sweden’s key short-term interest rate down to 0.75% from 2.0%, and while the 0.75% level most likely will be retained for […] More
New Overnight Developments Abroad - Daily Update
Comparatively Quiet Ahead of FOMC Minutes
April 9, 2014
The dollar has recovered 0.3% against the yen. The greenback is down 0.2% against the kiw and 0.1% versus the euro, Swissie and Australian dollar. It’s unchanged relative to sterling but up 0.1% against the loonie and yuan. Japan’s Nikkei slumped another 2.1% on earlier yen strength and the lack of extra BOJ stimulus. In […] More
