Archive for March 31st, 2016

Central Bank Watch

National Bank of Romania

March 31, 2016

Romania’s monetary policy rate was cut 125 basis points in the second half of 2013, another 125 basis points during 2014, and a full percentage point in four moves during the first five months of 2015.  Those actions reduced the rate from 5.25% to its present level of 1.75%.  Today’s statement kept 1.75%, but a […] More

New Overnight Developments Abroad - Daily Update

Market Focus on Soft Global Economy

March 31, 2016

A little past noon in New York finds the dollar with scant change against the yen, sterling, and the Canadian and Aussie dollars, but the U.S. currency has slipped about a half percent vis-a-vis the euro and Swiss franc. European stocks are down.  North American Share prices are little changed.  Japan’s Nikkei fell 0.7%. The […] More