Archive for July 7th, 2015

Central Bank Watch

Reserve Bank of Australia

July 7, 2015

For a second straight monthly meeting, the RBA Board has left the official cash rate at a record low of 2.0%.  Earlier, cuts of 25 basis points were made in February and May of this year, August and May of 2013, and December, October and June of 2012.  In May 2012, the OCR was reduced […] More

New Overnight Developments Abroad - Daily Update

Focus Remains on Greece and China

July 7, 2015

There will be a summit today of eurozone leaders where the Greek government will submit its post-referendum proposal for a debt plan.  Many in the rest of Europe just want Greece to leave the common currency area, and the ECB has refused to increase Greece’s emergency aid under the ELA. Chinese share prices tumbled another […] More