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
