Central Bank Watch
Reserve Bank of India
December 2, 2014
Once again, India’s monetary policy was left unchanged following a scheduled bi-monthly review. The repo rate, reverse repo, and reserve requirement ratio will remain at 8%, 7% and 4%. Interest rate hikes had been raised 25 basis points each in September and October 2013 and, most recently, January 2014. A released statement from Governor Rajan. […] More
Central Bank Watch
Reserve Bank of Australia
December 2, 2014
The 2.5% official cash rate since August 2013 was retained, and the preference for a period of interest rate stability for a period of time with a stance that is appropriately accommodative was reaffirmed in a released statement from Governor Glenn Stevens. Sub-trend growth and in-target inflation are projected. The statement observes a further increase […] More
New Overnight Developments Abroad - Daily Update
Across-the-Board Rise in Dollar
December 2, 2014
The U.S. currency rose overnight by 1.1% against the kiwi, 0.8% versus the yen, 0.7% relative to the loonie, Aussie dollar and sterling, 0.6% against the Swiss franc and 0.5% versus the euro. The yen touched a new low for the move of 119.30 per USD. The 120 per dollar level, first approached at the […] More
