Archive for May 26th, 2016

Central Bank Watch

Fourth Ukraine Central Bank Interest Rate Cut in Nine Months

May 26, 2016

The National Bank of Ukraine Board announced a one percentage point reduction in its key interest rate to 18%, which was smaller than cuts of 3 percentage points (ppts) in August 2015, 5 ppts in September 2015, and 3 ppts in April 2016.  A statement explaining today’s decision speaks of continuing disinflation due to the […] More

New Overnight Developments Abroad - Daily Update

Firmer Commodity Prices

May 26, 2016

Crude oil (+0.7%) and a wide spectrum of industrial metal prices firmed overnight.  WTI touched a high of $49.97 per barrel, and brent surpassed $50.00. St. Louis Fed President James Bullard is the latest Fed official to indicate that a June interest rate hike may be in play.  He spoke of tightening U.S. labor market […] More