Central Bank Watch
Bank Indonesia
December 17, 2015
Monetary authorities in Indonesia also left their key interest rate unchanged after their latest review. The BI rate has been at 7.5% since a 25-basis point cut in February, and a statement released today reveals that officials are hoping conditions will allow them to ease further next year. ” Bank Indonesia believes that rooms for […] More
Central Bank Watch
Bangko Sentral ng Pilipinas
December 17, 2015
The Filipino overnight borrowing rate has been at 4.0% since hikes of 25 basis points each in July and September of 2014 and will remain at that level after the latest policy review. A released statement opines that sub-target current CPI inflation will gradually climb back into the 2-4% designated range during 2016, and observes that […] More
Central Bank Watch
Norway’s Central Bank Policy Rate Kept at 0.75%
December 17, 2015
Officials at Norges Bank had in the past year cut the policy interest rate in December 2014, June 2015 and September 2015 by 25 basis points each time. Today’s statement strikes a cautious note: ” The krone has depreciated and inflation has picked up. A lower key policy rate may increase the risk of a […] More
Central Bank Watch
Taiwanese Interest Rate Cut to 1.625%
December 17, 2015
The Central Bank of the Republic of China cut its discount rate by 12.5 basis points. This decision followed a similar action at the prior quarterly review in September but had not been expected by analysts who thought Fed tightening would deter a move now. At five successive reviews from June 2010 to June 2011, […] More
New Overnight Developments Abroad - Daily Update
Fairly Wild Day after Fed Tightens
December 17, 2015
The Argentine peso dived about 30% to 13.95 per USD following the new Macri governments lifting of capital controls and withdrawal of intervention support. Officials reserve the right to intervene again in the future if deemed needed. The U.S. currency has advanced broadly and especially against commodity-sensitive currencies. The U.S. dollar rose 1.3%, 1.0% and […] More
