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
