Central Bank Watch
Bank of England
June 4, 2015
The June meeting of the Monetary Policy Committee concluded with an as-expected result — no change in either the 0.5% Bank Rate or the GBP 375 billion limit on the asset purchase program and the release of a statement providing no information regarding what was said at the meeting but directing interested parties to watch […] More
Central Bank Watch
Bank of Brazil
June 4, 2015
In an expected though controversial move contrary to the wish of government officials, Copom, the Bank of Brazil’s monetary policy committee, raised the Selic interest rate to 13.75% from 13.25%. This was the fourth 50-basis point increase of 2015 and the sixth tightening since late October 2014. 13.75% is the highest Selic rate level since […] More
New Overnight Developments Abroad - Daily Update
Continuing Deadlock over Greece Rattles Markets Badly
June 4, 2015
Ten-year sovereign debt yields rose 8 basis points in the U.K., 5 bps in Germany, and 4 bps in Japan. Futures put the 10-year Treasury at 2.42%, which like its German counterpart of 0.93% is at a new high for the year. Share prices are down 2.6% in Greece, 1.8% in France, 1.7% in Germany, […] More
