Archive for February 23rd, 2015

Central Bank Watch

Bank of Israel Cuts Interest Rate to 0.10% from 0.25%

February 23, 2015

The Bank of Israel has become the latest central bank to cut what already seemed to be a rock-bottom interest rate level.  In each of the last four calendar years, monetary officials had implemented three rate cuts, each by 25 basis points and cumulating to a reduction of 300 basis points from 3.25% to 0.25%.  […] More

New Overnight Developments Abroad - Daily Update

Firmer Dollar and Yen

February 23, 2015

The dollar is unchanged against the yen and yuan but stronger by 0.9% against the Swiss franc, 0.6% relative to the euro and Australian dollar, 0.4% versus the loonie, 0.2% vis-a-vis sterling and 0.1% the kiwi. Share prices rose 0.7% in Japan, 0.5% in Australia and 0.4% in South Korea but fell 0.9% in India […] More