Archive for August 6th, 2015

Central Bank Watch

Bank of England Released Detailed Summary of This Week’s MPC Policy Meeting

August 6, 2015

By a vote of 8-1 with Ian McCafferty preferring a rate hike, the Monetary Policy Committee kept its 0.50% interest rate and GBP 375 billion asset purchase program limit.  “given the likely persistence of the headwinds weighing on the economy, when Bank Rate does begin to rise, it is expected to do so more gradually […] More

New Overnight Developments Abroad - Daily Update

Rate Hike in the U.K. Unlikely Until 2016

August 6, 2015

Sterling fell 0.6% overnight against the dollar, which otherwise shows gains of 0.2% versus the Swiss franc and Aussie dollar but losses of 0.4% relative to the kiwi and 0.1% vis-a-vis the loonie and euro.  The yen and yuan are unchanged against the dollar. Share prices declined 1.1% in Australia, 0.9% in Indonesia and China, […] More