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
