Archive for March 15th, 2016

Central Bank Watch

Bank of Japan

March 15, 2016

The nine policy board members talked for five hours forty four minutes of talks over two days and in the end decided not to change the quantitative monetary stimulus settings nor the -0.1% policy interest rate.  Quantitative stimulus was introduced in April 2013 and modified in October 2014.  A three-tiered rate structure was adopted after […] More

New Overnight Developments Abroad - Daily Update

Fresh Gloom Rekindles Risk Aversion

March 15, 2016

The Bank of Japan did not augment policy stimulus but did downgrade exports and residential construction and also observed that expected inflation has slipped.  The yen advanced 0.7% against the dollar and euro overnight in response. West Texas Intermediate crude oil fell 2.0% overnight and has faded slightly more than 5% over the past two […] More