Central Bank Watch
Bank of Israel
January 26, 2015
Israel’s central bank interest rate was left at the record low level of 0.25%, where such has been since a 25-basis point cut announced late last August. An accompanying statement notes that both inflation and expected inflation continue to lie well below the 1-3% target range, that economic growth improved last quarter, and that trade-weighted […] More
New Overnight Developments Abroad - Daily Update
There’s Greece, and There’s the Rest of the Euro Area
January 26, 2015
Markets reacted with concern to a resounding victory of the Leftist anti-austerity Syriza Party in Greek parliamentary elections over the weekend. The 10-year Greek sovereign debt yield jumped 33 basis points, and Greek share prices have fallen 3.5% after initially losing 5.6%. One member of the ECB Governing Council reiterated that there can be no […] More
