Central Bank Watch
Bank of Iceland
August 21, 2014
The Bank of Iceland made a scheduled interest rate announcement on Wednesday. Iceland’s seven-day central bank interest rate was kept at 6.0%, its level since November 2012. A released statement observes, “The inflation outlook has improved somewhat since May, and it now appears that inflation will remain close to target during the forecast horizon. A […] More
New Overnight Developments Abroad - Daily Update
Economic Data and Central Bank Plans Occupy Most Attention
August 21, 2014
The Jackson Hole Symposium for central banking begins today. July 30 FOMC minutes released yesterday expressed surprise over the speed of improvement in the U.S. labor market and noted that Fed exit strategy will be anchored around the fed funds target. Chair Janet Yellen speaks Friday at the Symposium. ECB President Draghi also addresses the […] More
