Archive for August 24th, 2015

Central Bank Watch

Bank of Israel Releases More Dovish Statement While Leaving Key Interest Rates at 0.10%

August 24, 2015

From a 3.25% level, Israel’s current 0.10% interest rate was reached a half year ago after a 15-basis point cut, and reductions totaling 75 basis points per year in each of four consecutive years spanning 2011 to 2014.  The statement released after this month’s meeting of BOI policymakers is more dovish than July’s in the […] More

New Overnight Developments Abroad - Daily Update

Sell-Off Intensifies

August 24, 2015

A sell-everything mood pervades stocks.  At 15,636 shortly after the open, the DJIA was down 5.0% on the day and 14.8% from its all-time high of 18,351 last May 19.  This was the first correction (a drop of at least 10%) since 2012 and just 5.2 percentage points shy of a bear market (20% or […] More