Archive for July 14th, 2015

Central Bank Watch

Bank Indonesia

July 14, 2015

The BI interest rate benchmark was again kept at 7.5%.  The 5.5% deposit rate and 8.0% lending facility rate were likewise not changed at the July Policy Board meeting.  In a a compressed span between June and November 2013, the BI rate was lifted by 175 basis points to its present 7.5%.  Last November, officials […] More

New Overnight Developments Abroad - Daily Update

Greek Dismay and a Nuclear Deal Reached with Iran

July 14, 2015

The price of West Texas Intermediate crude oil fell 2.1% to $51.12 per barrel on news that deal was reached to greatly relax economic sanctions on Iran in exchange for constraints on Iranian nuclear production and enhanced western access to inspecting Iranian facilities.  The agreement follows nearly three weeks of intense talks and is opposed […] More