Archive for March 22nd, 2017

Central Bank Watch

New Zealand Official Cash Rate Held Steady at 1.75%

March 22, 2017

As they decided at the first 2017 meeting held February 9, policymakers at the Reserve Bank of New Zealand agreed to keep their key interest rate at 1.75%, a record low reached after a 25-basis point cut last November. That was the seventh 25-basis point reduction since June 2015. The official cash rate had been […] More

New Overnight Developments Abroad - Daily Update

Continuing Retreat in Share Prices

March 22, 2017

The Japanese Nikkei tumbled 414 points or 2.1%. Equities also fell 1.6% in Australia, 1.4% in Hong Kong, 1.1% in India, 1.3% in Singapore and 0.5% in China and South Korea. This followed yesterday’s U.S. selloff and extended into Europe where stocks so far today are down 1.4% in Greece, 0.8% in the U.K., 0.6% […] More