Central Bank Watch
Indonesian Monetary Policy Stance Not Changed This Month
April 14, 2015
The BI central bank interest rate was kept at 7.5% after this month’s policy meeting. A released statement projects stronger growth in the second than first quarter and observes a softer rupiah against the dollar since the March meeting. CPI inflation stands at 6.38%, but an in-target (3-5%) outcome is expected in 2015. The BI […] More
Central Bank Watch
Monetary Authority of Singapore’s Stance Kept Unchanged
April 14, 2015
Monetary policy in Singapore is subordinated to an exchange rate policy. Like the previous five semi-annual reviews, the mid-point, slope, and width of the Singapore dollar target band were left unchanged. A policy tightening in April 2012 via a steepening slope in the currency corridor reversed a flattening slope that was implemented six months earlier […] More
New Overnight Developments Abroad - Daily Update
Stronger Pound and Yen, Weaker European Share Prices and Commodities
April 14, 2015
The dollar is 0.4% softer against sterling and the yen but otherwise little changed. Gold and oil have fallen by 0.7% and 0.4% to $1,190.7 per ounce and $52.11 per barrel. Stocks have declined by 1.6% in Hong Kong, 1.3% in Italy, 1.1% in Spain and 0.7% in Germany. The 10-year German bund is a […] More
