Archive for October 27th, 2014

Central Bank Watch

Bank of Israel Keeps Benchmark Interest Rate at 0.25%

October 27, 2014

A dozen interest rate reductions were implemented by the Israeli Monetary Policy Committee between September 2011 and August 2014 including three this year.  According to a statement explaining today’s decision, “the effects of the recent interest rate reductions, which brought the interest rate to a level of 0.25 percent, have not yet been fully reflected […] More

New Overnight Developments Abroad - Daily Update

Muted Market Reaction to European Bank Stress Test Results

October 27, 2014

The stress test results were officially announced Sunday but largely leaked on Friday and hence did not carry an element of surprise.  Moreover, no German, French or Spanish banks were listed, and about three-fourths of the collective extra capital needed to be raised by banks has been done.  The dollar is unchanged against the euro, […] More