Archive for April 27th, 2015

Central Bank Watch

Israeli Monetary Policy Rate Left Unchanged after Monthly Meeting

April 27, 2015

The Bank of Israel’s key interest rate was cut three times each in 2011, 2012, 2013 and 2014, plus by 15 basis points to 0.10% on February 23rd.  A statement released after the April committee meeting makes familiar points.  On-year inflation of -1.0% remains well below zero.  Medium-term CPI expectations hover at a low 1.0%, […] More

New Overnight Developments Abroad - Daily Update

An Important Week Starts Quietly

April 27, 2015

Very few economic indicators get released today.  Later in the week sees the release of preliminary estimates of U.S. and British first-quarter growth, each of which is likely to prove soft.  Investors await Wednesday’s FOMC policy statement, eager to learn how the continuing lull in U.S. activity might affect coming Fed policy.  Do they believe […] More