Central Bank Watch
Central Bank of The Philippines
November 12, 2015
The overnight Filipino central bank borrowing rate stays at 4.0%, and the reverse repo rate was kept at 6%. The last policy modification was a 25-basis point hike 14 months ago. There is sub-target inflation, that is below the 2-4% desired range. A statement observes well-anchored expected inflation despite sub-target actual inflation and predicts a […] More
Central Bank Watch
Bank of Korea
November 12, 2015
A statement released after this month’s monetary policy meeting, which resulted in no changed to the 1.5% 7-day repo rate level, projects continuing domestic demand-led economic recovery and low inflation. External factors like the reaction to Fed tightening, struggling emerging market demand and oscillating oil prices create high uncertainty in the outlook. The Bank of […] More
New Overnight Developments Abroad - Daily Update
Aussie Dollar Rose and Oil Price Fell
November 12, 2015
Australia’s currency strengthened 1.0% against its U.S. counterpart on strong labor market data. Australia’s jobless rate fell 0.3 percentage points to 5.9%, and 58.6K jobs were created last month, four times greater than anticipated. The U.S. dollar has otherwise climbed 0.3% against the euro and sterling, 0.2% versus the kiwi and loonie, and 0.1% relative […] More
