Central Bank Watch
Bank of Israel Keeps Key Interest Rate at 0.10%
July 25, 2016
Almost a year and a half have elapsed since the last Israeli interest rate change, which was a 15-basis point cut in February 2015. The previous four calendar years had seen the rate reduced from 3.25% to 0.25%. A statement released by Bank of Israel policymakers after this month’s review defended the appropriateness of the […] More
New Overnight Developments Abroad - Daily Update
Steady Dollar
July 25, 2016
Group of Twenty finance ministers and central bankers, who met over the weekend in Chengdu, China, released a communique that broke no new ground in currency policy: We reiterate that excess volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability. We will consult closely on exchange markets. We […] More
