Archive for July 10th, 2015

Foreign Exchange Insights and Next Week

Next Week

July 10, 2015

Greek Debt Crisis:  It’s crunch time.  Tomorrow and Sunday, finance ministers and political leaders hold meetings to consider whether to accept the Greek proposal.  July 20, when Greece owes a payment to the ECB, is the absolute latest date to have a deal and avert default. Central Banks:  Monetary policy meetings are scheduled next week […] More

Central Bank Watch

Central Reserve Bank of Peru

July 10, 2015

Peru’s central bank Board kept its interest rate benchmark at 3.25%, which lies below the level of inflation even though inflation accelerated from 3.0% in April to 3.54% in June and despite an uptick also in expected inflation that was observed recently.  Four reductions of 25 basis points in the interest rate were engineered in […] More

New Overnight Developments Abroad - Daily Update

Possible Game-Changer in the Greek Debt Crisis

July 10, 2015

The latest Greek proposal of reforms for financial support contains a broad range of concessions that go beyond what Greek voters overwhelmingly rejected by referendum.  It includes such areas that were taboo until now such as higher VAT on restaurants, pension reform, labor market reform, and a corporate tax hike.  In return, Greece would get […] More