Archive for March 3rd, 2015

Central Bank Watch

Reserve Bank of Australia Holds its Fire

March 3, 2015

Analysts were pretty evenly split prior to the March Board meeting between no change in Australia’s official cash rate and a 25-basis point reduction to 2.0%.  It would have been the second straight easing, but officials opted to leave its stance instead unchanged. At today’s meeting the Board judged that, having eased monetary policy at […] More

New Overnight Developments Abroad - Daily Update

Reserve Bank of Australia Surprises Many with Decision Not to Ease Further this Month

March 3, 2015

The U.S. dollar fell overnight by 0.5% against the Aussie dollar, 0.4% versus the kiwi, 0.3% relative to the yen and 0.1% vis-a-vis the loonie.  The dollar is unchanged against sterling and the yuan but has risen 0.3% against the Swiss franc and 0.1% relative to the euro. Share prices lost 2.6% in China, 0.7% […] More