Central Bank Watch
Bank Indonesia: Policy Unchanged as Expected
October 15, 2015
The rupiah’s vulnerability continues to impede the central bank’s ability to cut the 7.5% BI interest rate. From a peak of 7.75% after 200 basis points of increase between June and November of 2014, there has been just one cut in February of this year. Rupiah depreciation has caused inflation to elevate, with a 6.83% […] More
Central Bank Watch
Bank of Korea
October 15, 2015
South Korean monetary officials, as after monthly policy meetings in July, August and September, kept the seven-day repo rate at 1.5%. It’s already at a record low after 25-basis point reductions in June and April of this year as well as April and October of 2014. A statement on the bank’s website projects a softer-than-desired […] More
Central Bank Watch
Singapore Monetary Stance Eased Slightly
October 15, 2015
From a tightening in April 2012 through the end of 2014, there had been no change in the policy of the Monetary Authority of Singapore. Singaporean interest rate policy is subordinated to an exchange rate objective, defined by an allowed corridor of fluctuation in the trade-weighted S-dollar of specified slope, band width and band-midpoint. Policy […] More
New Overnight Developments Abroad - Daily Update
Less Risk Aversion than Yesterday
October 15, 2015
Share prices recovered 2.4% in China, 2.1% in Hong Kong, 1.2% in Japan and South Korea, 1.1% in New Zealand and Singapore, 0.9% in India and Taiwan, and 0.% in Australia. Equities have risen in Europe so far today by 1.7% in Germany and Italy, 1.4% in France, 1.1% in Greece, 0.6% in Spain and […] More
