Central Bank Watch
Bank of Korea Keeps Record Low 2.0% Interest Rate
January 14, 2015
Since November 2012, South Korea’s main interest rate has been reduced four times by 25 basis point each, most recently this past October. A released statement after the first monetary policy meeting of 2015 is dovish in tone, observing slower export expansion, a recovery of domestic demand that is not strong, a negative output gap […] More
Central Bank Watch
National Bank of Poland Releases a Dovish Statement
January 14, 2015
Poland’s reference central bank interest rate was cut previously by 225 basis points between November 2012 and July 2013 and then by an additional 50 bps on October 8, 2014. The 2.0% rate level established after that most recent reduction was retained at the November, December, and January meetings of the Monetary Policy Council. However, […] More
New Overnight Developments Abroad - Daily Update
A Weaker Euro but a Stronger Yen
January 14, 2015
The euro fell to a nine-year low of $1.1727. The yen, in contrast, climbed as high as 116.64 per dollar and 137.0 per euro and is at present 0.8% above Tuesday’s closing level against the U.S. currency. The dollar otherwise has risen 0.6% against the kiwi, 0.5% versus the Australian dollar, 0.2% vis-a-vis the loonie […] More
