Archive for April 15th, 2014

Central Bank Watch

A Three-Percentage Point Ukraine Discount Rate Hike

April 15, 2014

On Monday, the National Bank of Ukraine Board raised the discount rate to 9.5% from 6.5%.  Civil unrest and meddling by Russia in the internal affairs of Ukraine have weighed heavily on the hyrvnia, lifting CPI inflation nearly threefold to 3.4% in March from the month before, and more acceleration is likely.  This week’s rate […] More

New Overnight Developments Abroad - Daily Update

Festering Concerns

April 15, 2014

Russia appears to be doing to Eastern Ukraine what it did in Crimea, and the West seems powerless to resolve the crisis. A day ahead of China’s release of first-quarter GDP, analysts anticipate a sub-7.5% growth rate. The ZEW Institute measures of investor sentiment toward Germany and the euro area fell in March. Investors await […] More