Archive for February 10th, 2016

Central Bank Watch

Central Bank of Iceland

February 10, 2016

Iceland’s Monetary Policy Committee previously raised its seven-day collateralized lending rate from 5.25%  to 5.75% in June 2015, to 6.25% in August 2015, and to the current level of 6.5% this past November.  Monetary policy has been tightening in Iceland even as other central banks in Europe like the ECB adopted looser stances.  This contrast […] More

New Overnight Developments Abroad - Daily Update

Hope Ahead of Yellen Testimony

February 10, 2016

U.S. stock futures are higher.  Fed Chair Janet Yellen begins her semi-annual Humphrey Hawkins testimony at 15:00 GMT before the House Financial Services Committee. Many Asian markets remained closed for the Chinese New Year.  The Japanese Nikkei dropped another 2.3%, and equities fell by 1.6% in Singapore, 1.2% in Australia, 1.1% in India, 0.9% in […] More