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
