Central Bank Watch
Back-to-Back Icelandic Interest Rate Cuts
December 10, 2014
Sedlabanki’s Monetary Policy Committee has followed up November’s 25-basis point cut with a greater-than-forecast 50-bp reduction in Iceland’s seven-day lending rate to 5.25%, which is the lowest level in 2-1/2 years. A released statement justifies the action by lower inflation than forecast and signs that expected inflation has fallen, too. More cuts are not ruled […] More
New Overnight Developments Abroad - Daily Update
A Few Surprises
December 10, 2014
Chinese share prices rebounded 3.7% as CPI inflation falls to lowest level (1.4%) since November 2009. Producer prices meanwhile posted their greatest on-year decline (2.7% after 2.2%) since May 2013, further encouraging investors to speculate about another central bank rate cut in the world’s second biggest economy. The 10-year Japanese JGB yield dipped under the […] More
