Archive for February 16th, 2016

Central Bank Watch

Bank of Korea

February 16, 2016

The seven-day repo rate was left at 1.5%, its level since a 25-basis point cut last June.  Five such reductions were spaced out between May 2013 and June 2015.  Monetary officials, who meet monthly, released a statement, projecting sub-trend, domestic demand-led growth and low inflation.  Considerable attention is being devoted to “external risk factors such […] More

New Overnight Developments Abroad - Daily Update

Concerns about Europe

February 16, 2016

European markets had rallied Monday, spurred by upbeat remarks from ECB President Draghi regarding the economic outlook and the readiness of central ban policymakers to act further to stimulate growth and boost inflation closer to target.  But Tuesday saw a return of risk aversion related to concerns about the health of European banks and the […] More