Central Bank Watch
National Bank of Poland
October 6, 2015
Narodowy Bank’s seven-day reference rate was left at 1.5% following the latest Monetary Policy Council meeting. It was reduced by 50 basis points in March 2015, this year’s only modification. Nine earlier cuts from November 2012 through January 2014 reduced the rate from 4.75% to 2.0%. Like many other economies, on-year CPI and PPI inflation […] More
Central Bank Watch
Australian Official Cash Rate Left at Record Low of 2.0%
October 6, 2015
After the expected decision not to change monetary policy, the Reserve Bank of Australia Board published a statement making similar points to the prior monthly meeting release. The current stance is appropriately accommodative. Growth is positive, but the GDP level will stay below full employment conditions for some time yet. In-target inflation is likely over […] More
New Overnight Developments Abroad - Daily Update
Equities Holding Friday-Monday Gains So Far
October 6, 2015
The dollar has lost 0.4% against the Australian dollar, 0.3% versus the euro, 0.2% vis-a-vis sterling, and 0.1% against the yen and Swissie. The dollar edged 0.1% higher relative to the kiwi and yuan. China’s currency has pulled ahead of the yen into fourth place among most used monies around the world. Japan’s Nikkei closed […] More
