Central Bank Watch
Bank of Canada Left Overnight Interest Rate Target at 0.75%
May 27, 2015
The fourth of eight scheduled monetary policy meetings decided the present policy stance is still appropriate but observed that higher oil prices and a softer U.S. dollar in recent weeks, noting that “if these developments are sustained, their net effect will need to be assessed as more data become available in the months ahead.” The […] More
Central Bank Watch
Magyar Nemzeti Bank
May 27, 2015
The Hungarian central bank base rate was cut in a third straight month on Tuesday, and like reductions in March and April, the size of the move was 15 basis points. The new level becomes 1.65%, and a statement explaining the latest action retains an easing policy bias. if the assumptions underlying the Bank’s projections […] More
New Overnight Developments Abroad - Daily Update
Calmer Conditions than Yesterday
May 27, 2015
Following the Memorial Day closure, the dollar climbed sharply on Tuesday, sending equities lower including a 190-point drop in the DOW. Whether the Fed hikes the federal funds target on June 17 remains uncertain. Richmond Fed President Lacker overnight said his vote hasn’t yet been decided and will hinge on data between now and then. […] More
