Central Bank Watch
Bank of England
January 14, 2016
Ian McCafferty remains the odd man out on Britain’s Monetary Policy Committee. Only he preferred to raise the Bank Rate from the 0.5% level that it has been at since March 2009. U.K. growth has been decent but total inflation remains far below the 2% target, and core is also subdued. A released statement observes […] More
Central Bank Watch
National Bank of Poland
January 14, 2016
Poland’s central bank reference rate will remain at 1.50%, its level since a 50-basis point cut last March. From November 2012 until then, three cuts of 50 basis points and seven reductions of 25 bps were implemented. A statement released after today’s meeting has a generally upbeat tone, suggesting that the key rate will likely […] More
Central Bank Watch
Bank Indonesia
January 14, 2016
In the face of persistent softer-than-hoped Indonesian growth in spite of prior macroprudential policy easing, monetary officials cut the BI interest rate by 25 basis points to 7.25%. A prior 25-bp reduction in February 2015 ha reversed a 25-bp rate hike in November 2014, and between June and November of 2013, the interest rate was […] More
Central Bank Watch
Bank of Korea
January 14, 2016
For a seventh straight monthly meeting, officials at South Korea’s central left the base rate at 1.5%. It was cut to that level in June 2015 and previously reduced by 25 bps in May 2013, August 2014, October 2014 and March 2015. A released statement projects a continuing domestic demand-led recovery but expresses disappointment about […] More
New Overnight Developments Abroad - Daily Update
Central Banks, Data, and China All in the Spotlight
January 14, 2016
Following Wednesday’s U.S. stock market selloff, share prices fell 2.7% in Japan, 1.9% in Singapore, 1.6% in Australia, 1.0% in Taiwan, 0.9% in South Korea, 0.6% in New Zealand and 0.5% in Hong Kong. Equities in Europe are currently down on the day by 3.2% in Greece, 2.8% in France, 2.7% in Germany, 2.4% in […] More
