Deeper Analysis
Referendum Eve into Morning After
June 23, 2016
00:34 GMT– With 13 of 382 British localities reporting, the Leaves lead the Remains by a 7 percentage point margin of 53.6% to 46.4%. Too be sure, these are early times, but nervous markets have backed off Thursday’s high confidence. Supposing the Leaves prevail at the end of the day, a few conclusions one might […] More
Central Bank Watch
National Bank of Ukraine
June 23, 2016
Ukraine’s central bank interest rate has been reduced by a further 150 basis points, bringing the cumulative decline to 13.5 percentage points from 30% prior to mid-August 2015. According to a statement, an appreciating hryvnia moderate domestic demand have played an important role in cutting expected inflation and actual inflation to 7.5%, which is within […] More
Central Bank Watch
Norges Bank
June 23, 2016
Norway’s benchmark central bank interest rate was held at 0.50%, but a statement released after the latest Executive Board meeting said a further cut remains possible. The rate was cut by 25 basis points in March, as well as June and September of last year. There were also two such reductions in 2014 and a […] More
Central Bank Watch
Bangko Sentral ng Pilipinas
June 23, 2016
Interest rate changed had been unveiled June 3, so it’s unsurprising that Filipino central bank rates were left unchanged at today’s scheduled policy review. The repo rate stays at 3.0%; a cut three weeks ago from 4% was the first change since September 2014. Overnight lending and deposit rates remain at 3.5% and 2.5%. A […] More
Central Bank Watch
Central Bank of Colombia
June 23, 2016
Colombia’s central bank interest rate was again raised on June 22 after the latest monthly meeting. The increase was 25 basis points to 7.5%, which is three percentage points above the 4.5% level prior to September 2015. A released statement observes that inflation of 8.2% in May was still far above the 2-4% target for 2017 but […] More
New Overnight Developments Abroad - Daily Update
Big Market Moves on Brexit Day
June 23, 2016
Polls have opened in the U.K. where voters are deciding whether to remain in the EU or leave. Polls close at 10 PM local time. Markets are positioned for a “remain” outcome. The dollar rose 1.3% overnight against the yen but is down 1.2% against sterling, 1.0% relative to the loonie, 0.9% versus the New […] More
