Archive for June 16th, 2014

Central Bank Watch

Bank of Russia Retains a 7.5% Base Interest Rate

June 16, 2014

The policy bias, however, remains skewed toward further restraint.  The base rate had been increased by 150 basis points in early March and another 50 basis points in last April, and a statement explaining today’s decision warns In case existing inflation risks materialize, and threats to medium-term inflation targets emerge, the Bank of Russia will […] More

New Overnight Developments Abroad - Daily Update

Markets Watching Sunni Insurgency in Iraq with Great Apprehension

June 16, 2014

Further violence in Iraq kept the WTI oil price near $107 per barrel, lifted gold by 0.5% to $1,280.90 per ounce, and raised the yen to 137.71 per euro, strongest since February 6.  Sterling is unchanged unbalance against the dollar but earlier surpassed $1.70 for the first time since August 2009, touching a high of […] More