Central Bank Watch
Central Bank of the Republic of Colombia Kept 4.5% Main Interest Rate
March 23, 2015
Late last Friday, as it had done at the six previous monetary policy meetings, the Board of Directors left its interest rate benchmark at 4.5%. The rate had previously been raised by 25 basis points at each of five straight meetings between April 2014 and August 2014. On-year CPI inflation of 4.36% exceeded target and […] More
Central Bank Watch
Bank of Israel Didn’t Ease Further
March 23, 2015
Monetary officials implemented three 25-basis point cuts each in Israel’s Bank Rate in 2011, 2012, 2013, and 2014 and an additional 15-basis point reduction at the previous month’s meeting in February. Opinions were mixed about what action might be taken after the March meeting, ranging from adoption of a negative interest rate as several other […] More
New Overnight Developments Abroad - Daily Update
Not Much Data to be Released but Lots of Talk by Officials This Monday
March 23, 2015
Friday’s Greek debt talks with creditors did not go as well as hoped. Weekend press stressed the danger of slip-sliding into Grexit. The political leaders of Germany (Chancellor Merkel) and Greece (Prime Minister Tsipras) will talk more today. Time is running low. Cleveland Federal Reserve President Loretta Mester delivered a speech on transitioning from the […] More
