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
