Central Bank Watch
Bank of England
May 11, 2015
After the latest monthly monetary policy meeting, which had been delayed a few days, by last Thursday’s election, Bank of England officials decided to keep their policy settings unchanged. April’s decision was by unanimous vote, and probably so was this month’s. This as expected result affirmed a 0.50% Bank Rate, which has been at that […] More
New Overnight Developments Abroad - Daily Update
Offsetting Market Forces
May 11, 2015
Interest rate cuts by the People’s Bank of China sent Chinese share prices up 2.9%. Impasse in Greek debt talks sent Greek share prices down 2.9%. German politicians seem more inclined to gamble on Greece exiting the euro, as Greek leaders hint that a scheduled EUR 780 billion payment to the IMF due tomorrow may […] More
