Central Bank Watch
South African Monetary Policy Tightened for Second Time in Four Months
November 19, 2015
The monetary policy committee of the South African Bank has raised its repo rate to 6.25% from 6.0%. There was an earlier 25-basis point hike on July 23 and before that increases of 25 bps in July 2014 and 50 bps in January 2014. The rate was at a 30-year low of 5.0% from July […] More
Central Bank Watch
Bank of Japan Retains Status Quo in Penultimate Board Meeting of 2015
November 19, 2015
The one and only tweak of quantitative stimulus occurred at the end of October 2014, when the Board raised the targeted annual growth in Japan’s monetary base and planned asset purchases to JPY 80 trillion. Policymakers have managed to stick to those parameters and reaffirmed them at the November policy meeting. At the prior meeting […] More
New Overnight Developments Abroad - Daily Update
Signals from the Fed, Bank of Japan and ECB
November 19, 2015
FOMC minutes from the October meeting released Wednesday afternoon showed most members inclined to hike the federal funds rate in December but also underscored an intention to normalize policy gradually thereafter and spreading doubts that the peak can lie much above 2%. A five hour 20 minute meeting of the Bank of Japan Board over […] More
