Deeper Analysis
September and 3Q in Figures
September 30, 2014
The dollar rose broadly and commodities fell in both September and the third quarter. Ten-year sovereign debt yields rose in September but fell in the summer quarter. Three-month euro deposit rates fell sharply in July-August but little further in September. Other short-term interest rates held generally steady in the quarter. 10-Yr Yield 09/30/14 Chg from […] More
Central Bank Watch
National Bank of Romania
September 30, 2014
Analysts were not surprised to learn of another 25-basis point cut in Romania’s monetary policy rate to a further record low of 3.0%, effective October 1. This was the fourth reduction of 2014, all by 25 basis points. The rate earlier had been cut from a pre-Great Recession peak of 10.25% to 8.0% by end-2009, […] More
Central Bank Watch
Reserve Bank of India
September 30, 2014
India’s key 8.0% lending rate, a.k.a. the repo, and 7.0% borrowing rate have been at those levels since a policy meeting late last January hiked each by 25 basis points. For a fourth time, a subsequent meeting has not changed either of those rates nor the 4.0% cash reserve ratio. The benchmark interest rates had […] More
New Overnight Developments Abroad - Daily Update
Hong Kong Upheaval and Quarter-End Deluge of Data
September 30, 2014
The euro touched a new low of $1.2571 overnight on this final day of the third quarter, down from $1.3693 at midyear. Overnight net rises in the dollar amount to 0.7% against the euro and Swiss franc, 0.3% versus the yen and sterling, 0.2% relative to the loonie and 0.1% against the Australian and New […] More
