Archive for August 19th, 2015

Central Bank Watch

Central Bank of Iceland

August 19, 2015

An increase of the seven-day Icelandic collateralized lending rate on June 10 reversed the direction of monetary policy, and the Monetary Policy Committee today followed that action with a second 50-basis point hike to 6.25%, thus surpassing by 25 basis points the level that had prevailed from end-2012 until a cut in November 2014.  Officials […] More

New Overnight Developments Abroad - Daily Update

Benign Data and Market Action

August 19, 2015

The dollar did not change on balance overnight against the euro or sterling.  Other changes were mute, too, including a 0.1% uptick versus the yen. Share prices are mostly softer.  Ten-year sovereign debt yields are unchanged in the U.S., Germany, Japan and Britain. WTI oil slipped 0.8% to $42.30 per barrel.  Comex gold firmed 0.4% […] More