Archive for May 26th, 2014

Central Bank Watch

Surprise Decision by Bank of Israel Not to Cut Lending Rate an 11th Time Just Yet

May 26, 2014

Israel’s central bank rate will stay at 0.75% for the time being.  It was cut by 50 bps in 2011, 100 bps in 2012, 75 bps in 2013 and, most recently, to 0.75% from 1.0% this past February.  All the prior reductions had been by 25 basis points, and lower than expected CPI inflation and […] More

New Overnight Developments Abroad - Daily Update

Holiday Closures in U.K. and United States

May 26, 2014

The United States is observing Memorial Day, and there is a spring bank holiday in Britain.  These closures will dampen market activity today.  The dollar is unchanged against the euro, Swiss franc and kiwi, up 0.1% versus the Chinese yuan and off 0.1% relative to the yen, loonie, Australian dollar and sterling. Share prices advanced […] More