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
