Central Bank Watch
Bank of England
December 10, 2015
Policy was again left unchanged by the nine-member Monetary Policy Committee. The Bank Rate has been 0.5% since March 2009. Only Ian McCafferty voted to raise such, as he also did at the four prior monthly MPC meetings. The GBP 375 billion asset purchase program was last raised in July 2012 and reached by the […] More
Central Bank Watch
Swiss National Bank
December 10, 2015
Swiss monetary policy remains unchanged after the final quarterly review of 2015. The year began with an unscheduled mid-January abandonment of a 1.20 franc per euro ceiling rate and rate reductions to a 3-month Libor range of minus 1.25% to minus 0.25% and a sight deposit rate of –0.75%. SNB President released a statement today […] More
Central Bank Watch
National Bank of Serbia
December 10, 2015
In seven of the eight monthly meetings between March and October this year, the Executive Board voted to cut Serbia’s central bank interest rate by 50 basis points. There were no policy changes at the meetings in January, February, July, November or, most recently, December. The rate is now 3.50% versus 8.0% at the beginning […] More
Central Bank Watch
Bank of Korea
December 10, 2015
For a sixth straight monthly meeting, officials at the Bank of Korea left the seven-day repo rate unchanged at 1.5%. Four previous cuts, each by 25 basis points, had been engineered in August and October of 2014 and, more recently, March and June of this year. A statement from monetary officials observes “the trend of […] More
New Overnight Developments Abroad - Daily Update
Focus on Both Data and Central Banks
December 10, 2015
The dollar showed a mixed performance overnight, falling by 1.0% and 0.6% against the Australian and New Zealand dollars, holding steady versus the yen and sterling, and rising 0.7% relative to the euro, 0.4% vis-a-vis the Swiss franc, 0.3% against the yuan and 0.1% versus the loonie. Japan’s Nikkei lost 1.3%. Elsewhere in the Pacific Rim, […] More
