Archive for July 25th, 2016

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