Central Bank Watch
Central Bank of Chile
September 15, 2016
Chile’s central bank Board left its policy interest rate at 3.5%, the level since a 25-basis point increase in December 2015. That was the second of two hikes, the first coming a year ago in September 2015. Economic data released since the Board last rate announcement on August 11 have not surprised officials, according to […] More
Central Bank Watch
Bank of England Enacts No Policy Changes this Time
September 15, 2016
The third Post-Brexit meeting of the Monetary Policy Committee has been held. The one in July made no immediate changes, adopting a wait and see approach instead. In August, three kinds of stimulus were unveiled: a halving of the Bank Rate to 0.25%, a GBP 60 billion expansion of the government security purchase plan to […] More
Central Bank Watch
National Bank of Ukraine
September 15, 2016
Citing the continuing “alleviation” of risks to price stability, Ukraine monetary officials cut their policy interest rate for the fourth time since May and the sixth time in thirteen months. The new policy rate of 15.0% is only half as much as the 30% level prior to a 300-basis point reduction in August 2015. Today’s […] More
Central Bank Watch
Quarterly Swiss Monetary Policy Review
September 15, 2016
Officials at the Swiss National Bank left their policy interest rate unchanged and retained a supportive readiness to intervene as needed to counter excessive strength in the franc. The sight deposit rate stays at -0.75%, and the target range for three-month Swiss Libor is centered on that level and a percentage point wide. The exchange […] More
New Overnight Developments Abroad - Daily Update
Central Bank Decisions in the U.K., Ukraine and Switzerland.. Now Awaiting U.S. Data
September 15, 2016
The Bank of England left monetary policy unchanged, acknowledged better-than-expected short-term U.K. indicators since the August meeting, but left the door open to a possible further interest rate cut. The National Bank of Ukraine reduced its policy interest rate by 50 basis points to 15.0% and indicated likely further easing if and as inflation recedes. […] More
