Archive for March 12th, 2015

Central Bank Watch

Bank of Korea’s Repo Rate Cut to Record Low of 1.75%

March 12, 2015

The decision to ease was influenced heavily by the incoming tide of other central banks that have cut interest rates and concern that a resulting loss of South Korean price competitiveness could dampen export demand.  Central banks have loosened monetary policy this year in China, India, the euro area, Thailand, Turkey, Indonesia, Israel, Turkey, Poland, […] More

New Overnight Developments Abroad - Daily Update

Bond Yields Drop Further but Stocks and Dollar Trim Recent Move

March 12, 2015

Ten-year British gilt and Japanese JGB yields dropped another six and three basis points. The dollar’s uptrend has been interrupted by overnight losses of 2.2% against the New Zealand kiwi, 1.2% versus the Australian dollar, 0.7% vis-a-vis the Swiss franc, 0.6% relative to the euro and loonie, 0.5% against sterling and 0.3% versus the yen. […] More