Archive for June 11th, 2014

Central Bank Watch

Icelandic Monetary Policy Rate Remains Paused

June 11, 2014

The last six changes in Sedlabanki’s 7-day collateralized lending rate were all increases, but the last of these occurred nineteen months ago on November 14, 2012.  A 25-basis point hike announced that day followed similarly-sized hikes in June and March of 2012 and August and November of 2011.  There was also a 50-basis point tightening […] More

New Overnight Developments Abroad - Daily Update

Less Optimism from the World Bank about Economic Outlook

June 11, 2014

European share prices and U.S. futures have backed downward following downward revisions by the World Bank of projected 2014 growth in the world, U.S., Japan, and several emerging markets including China.  Equities show losses so far of 0.8% in Germany and Spain, 0.9% in Italy, 0.5% in Britain, and 0.7% in France.  In the Pacific […] More