Archive for October 16th, 2014

Deeper Analysis

Who’s Easing Monetary Policy; Who’s Been Tightening

October 16, 2014

Central banks cut interest rates during the first half of October in South Korea and Poland.  Rates were cut in September in Romania, Sri Lanka, Chile, Peru, and Euroland, where the ECB Governing Council also  introduced several unconventional measures to loosen policy.  Between May and August, rates were cut in Sweden, Turkey, Hungary, Thailand, Israel, Serbia […] More

Central Bank Watch

Unchanged Serbian Monetary Policy Rate

October 16, 2014

The Executive Board of the National Bank of Serbia left monetary policy on pause.  The benchmark interests rate had been cut by 225 basis points over the final two-thirds of 2013 but by a further 50 basis points each in May and June of this year to 8.5%.  But a released statement after this month’s […] More

New Overnight Developments Abroad - Daily Update

No Respite from Volatility

October 16, 2014

The dollar and yen were well bid overnight.  Japan’s currency climbed 0.3% against the greenback, which otherwise advanced 1.3% relative to the Australian dollar, 0.9% vis-a-vis the kiwi, 0.8% against the loonie, 0.6% versus the euro and Swissie but just 0.1% against sterling. Stocks slumped overnight by 2.2% in Japan, 1.4% in Singapore, 1.3% in […] More