Central Bank Watch
Reserve Bank of New Zealand Official Cash Rate Is Cut
December 9, 2015
The OCR as expected was cut by 25 basis points to 2.5%, thus returning for a third time to the low level first observed from March 2009 until October 2010 and subsequently from March 2011 to March 2014. Following four 25 basis point hikes in 2014, today’s action represents the fourth 25-basis point cut this […] More
Central Bank Watch
Bank of Iceland Creates Some Surprise, Leaving Interest Rates Unchanged
December 9, 2015
Sedlabanki’s 7-day collateralized lending rate had earlier been increased this year by 50 basis points each in June and August as well as 25 bps last month to 6.5%. Underlying inflation is expected to rise, but policymakers lately believe that inflation in the near term will be lower than imagined before because of a firmer krona […] More
New Overnight Developments Abroad - Daily Update
Dollar Weakens Pretty Much Across the board
December 9, 2015
Share prices in Asia and Europe are mostly lower, but a 0.4% uptick in China’s market is an exception. Stocks fell 1.3% in India and Indonesia, 1.0% in Japan, 1.4% in Taiwan and 0.6% in New Zealand and Australia. Equities in Europe have so far lost 3.8% in Greece, 1.1% in France, 1.0% in Switzerland, […] More
