Archive for October 8th, 2015

Central Bank Watch

Bank of England Stays in Wait and See Mode

October 8, 2015

The Bank of England Monetary Policy Committee again voted 8-1 to leave the Bank Rate at 0.5%, its level since March 2009, and unanimously to retain a GBP 375 billion limit on its Asset Purchase Program.  This was the expected outcome.  The majority observed zero CPI inflation, core inflation of around 1%, continuing spare capacity, […] More

New Overnight Developments Abroad - Daily Update

German and Japanese Current Account Data and a Bank of England Decision

October 8, 2015

The dollar fell overnight by 0.5% against the Swiss franc, 0.4% versus the euro, 0.3% vis-a-vis the loonie and 0.1% relative to the yen, yuan and kiwi.  The greenback firmed 0.2% against the Aussie dollar. Share prices in the Pacific Rim rose 3.0% in China, whose market had been shut previously, and 0.7% in South […] More