Central Bank Watch
ECB Governing Council Statement and Press Conference
April 21, 2016
Fresh action had not been expected at the April policy meeting following the plethora of actions unveiled at the March 10 meeting. As predicted, the refinancing, deposit and marginal lending rates were kept at zero, -0.40% and +025%, and the emphasis of today’s message was on full implementation of steps announced in March. The statement […] More
Central Bank Watch
Swedish Riksbank Executive Board Extends Quantitative Easing
April 21, 2016
Sweden’s negative repo rate was left at -0.50%. It took seven spaced reductions between December 2011 and October 2014 to cut the policy rate from 2.0% to zero. Negative rate policy was introduced in February 2015 initially at -0.10%, then lowered by 15 basis points in March 2015, 10 bps in July 2015, and 15 […] More
Central Bank Watch
National Bank of Ukraine
April 21, 2016
Ukraine’s key monetary policy rate has been reduced by three percentage points to 19%. This was the third cut in eight months, the earlier two being moves of three percentage points in August 2015 and five percentage points a month later. A released statement cites diminishing upside inflation risks and also announces operational changes to […] More
Central Bank Watch
Bank Indonesia
April 21, 2016
Having implemented 25-basis point cuts in the BI rate in each month of last quarter, Indonesia’s central bank board of governors kept the rate unchanged at 6.75% at its April monthly meeting. There was also an earlier 25-basis point cut in February 2015, so the current level is a full percentage point lower that the […] More
New Overnight Developments Abroad - Daily Update
A Focus on Central Banks, Commodities and China
April 21, 2016
The ECB just announced decisions from today’s third Governing Council meeting of the year. No further rate changes were enacted. At the prior meeting on March 10, the refinancing rate was sliced 5 basis points to 0.0%, the deposit rate was moved 10 basis points more deeply into the red to -0.40%, and the marginal […] More
