Archive for March 28th, 2016

Central Bank Watch

Bank of Israel

March 28, 2016

Israel’s policy interest rate, 0.10% since a 15-basis point cut in February 2015, was again left unchanged after the March monthly meeting of monetary policymakers.  In 2011, 2012, 2013 and 2014 the rate was cut three times each year.  All the reductions were by 25 basis points.  A statement explaining today’s decision noted that expected […] More

New Overnight Developments Abroad - Daily Update

Easter Monday

March 28, 2016

Markets are closed in Germany, Italy, Spain, the U.K., Sweden, Finland, Australia, and New Zealand for Easter Monday and in South Africa for Family Day. No meaningful data have been reported out of Asia or Europe.  U.S. personal income and spending figures get released later today, as do pending home sales. The main take-away from […] More