Central Bank Watch
National Bank of Poland
February 3, 2016
Poland’s council of monetary policymakers last changed the key reference interest rate in March 2015. That move was a reduction as were nine changes totaling 275 basis points between November 2012 and January 2014. Poland has negative inflation but economic growth that’s somewhat faster than 3.0%. According to a released statement, deflation hasn’t impeded appropriate […] More
Central Bank Watch
Bank of Thailand
February 3, 2016
Thailand’s Monetary Policy Committee engineered seven reductions of its policy interest rate (each by 25 basis points) beginning in November 2011 and most recently in April 2015. Cuts in March 2015 and April 2015 were decided by split 4-3 and 5-2 votes. The latest committee policy meeting ended in a unanimous decision to keep the […] More
Uncategorized
U.S.-Minus-Eurozone Service PMI Spread Negative
February 3, 2016
The U.S. non-manufacturing purchasing managers index conducted by the Institute of Supply Management printed at 53.5 in January. It’s a measure of activity growth in which scores of 50.0 separate expansion from contraction, and such was lower than Euroland’s service-sector PMI (53.6) in February for the first time in around two years. The U.S. index fell […] More
New Overnight Developments Abroad - Daily Update
Dollar Falters Amid Lots of Data Reports
February 3, 2016
There’s a whiff of currency warfare in the air. N.Y. Fed President Dudley warned that either a sustained dollar rise or global slowdown would impair the U.S. economy and affect Fed policy. Esther George of the K.C. Fed shrugged off stock volatility at not necessarily surprising or worrisome. Reserve Bank of New Zealand Governor Wheeler […] More
