Archive for May 13th, 2015

Central Bank Watch

Bank of Iceland to Raise Interest Rates Before Long

May 13, 2015

Although the 7-day Icelandic repo rate of 4.5% was left unchanged, officials signaled that a hike is coming. “The Bank’s interest rate reduction late in 2014 was based on a sharp drop in inflation and the decline in inflation expectations, which led to a larger rise in real rates than was considered warranted at that […] More

New Overnight Developments Abroad - Daily Update

Wednesday Rundown

May 13, 2015

The dollar fell 1.4% against the Australian and New Zealand dollars on Wednesday.  It also dropped by 1.2% versus the euro and Swiss franc, 0.5% relative to the yen, 0.4% against sterling and 0.3% versus 0.1% against the yuan. Share prices were unchanged in the United States, down 1.1% in Germany, and 0.7% versus the […] More