Archive for January 7th, 2015

Central Bank Watch

National Bank of Romania Cuts Monetary Policy Rate

January 7, 2015

Romanian monetary officials released a statement after cutting the benchmark interest rate by another 25 basis points, justifying the move with a forecast of continuing sub-target CPI inflation.  The target is 1.5-3.5%, and the latest reading is 1.26%. Over the short term, the path of the annual inflation rate is expected to remain below the […] More

New Overnight Developments Abroad - Daily Update

Corrective Day in the Market

January 7, 2015

Stocks and sovereign debt yields are higher.  So is oil (marginally) and the dollar.  Gold slid for the first time in several sessions.  Much can change before this day is done.  Several data releases are due: minutes from the December FOMC meeting, U.S. and Canadian trade figures, the ADP estimate of U.S. private employment growth […] More