Archive for November 24th, 2014

Central Bank Watch

Bank of Israel

November 24, 2014

A dozen central bank interest rates between September 2011 and August 2014, including three this year, reduced Israel’s central bank interest rate to 0.25% from 3.25%, but monetary officials are reluctant to go all the way to zero without cause.  Moreover, in a statement after the latest monthly policy meeting officials reaffirmed the main message […] More

New Overnight Developments Abroad - Daily Update

A Mood to Take on More Risk

November 24, 2014

Asian markets rallied in lagged reaction to China’s interest rate cut on Friday, and European market confidence was heartened further by a better-than-forecast German business climate report.   Another supportive factor has been speculation that the ECB is poised to start purchasing sovereign debt soon.  This will be a light day from a data release perspective.  […] More