Archive for January 26th, 2015

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