Archive for August 4th, 2014

Central Bank Watch

Romania’s Monetary Policy Rate Lowered Again

August 4, 2014

From 10.25% at end-2008, Romania’s central bank interest rate had been cut by 225 basis points in 2009, 175 bps in 2010, 25 basis point in 2011, 75 bps in 2012, 125 bps in 2013 and 50 bps in the first quarter of 2014.  That left the rate at 3.5%, where it stood for the […] More

New Overnight Developments Abroad - Daily Update

Week Starts on a More Stable Footing

August 4, 2014

The dollar is unchanged against the euro, Swiss franc, Australian dollar, yuan and sterling.  The dollar is also 0.1% firmer against the yen, loonie and kiwi. The 10-year German bund yield rose a basis point, while its Japanese and British counterparts are a basis point lower.  A bailout of Portugal’s Banco Espinto Santo has been […] More