Central Bank Watch
European Central Bank Offers Nothing New this Time
August 7, 2014
Draghi’s written statement, released after the Governing Council’s decision to leave its refinancing, marginal lending and deposit rates at 0.15%, 0.40% and negative 0.10%, reads very similarly to the July statement. Officials continue to project “moderate and uneven recovery, with low rates of inflation and subdued monetary and credit dynamics.” Expected inflation hasn’t moved and […] More
Central Bank Watch
Bank of England Releases Boiler Plate Policy Statement to Say Settings Left Unchanged
August 7, 2014
The monthly Monetary Policy Committee review of policy resulted in the expected decision not to change the 0.5% Bank Rate of the GBP 375 billion ceiling associated with the quantitative asset purchase program. That limit was reached by early November 2012. The released statement said minutes would be published August 20 and noted that the […] More
New Overnight Developments Abroad - Daily Update
Bad Aussie Jobs Data and a Focus on Central Bank Meetings
August 7, 2014
The Australian dollar fell 0.9% overnight and to a 2-month low of USD 0.9259 after unexpected news that Australia’s jobless rate jumped 0.4 percentage points in July to a 12-year high of 6.4%. Employment had been forecast to rise over 10K but instead slipped by 0.3K due to a 14.8K slide in part-time workers. The […] More
