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
