Central Bank Watch
South African Reserve Bank Repo Rate Held at 7%
March 30, 2017
A statement released after the year’s second monetary policy review speaks of an improved inflation outlook over the past couple of months. GDP, which grew 0.3% last year, is projected to expand 1.2% this year (just shy of the estimated potential GDP trend of 1.4%), followed by 1.7% in 2018 and 2.0% in 2019. The […] More
Central Bank Watch
Czech National Bank Policy Stays Same by Unanimous Vote
March 30, 2017
The CNB Board kept its 2-week repo rate at 0.05%, the level since November 2012, and voted to maintain its asymmetric exchange rate policy that since being imposed in November 2013 has utilized intervention when necessary to prevent the koruna from strengthening beyond 27 per euro. That hard commitment is slated to expire in three […] More
New Overnight Developments Abroad - Daily Update
Divergent Monetary Policies Lend Dollar Support
March 30, 2017
The dollar is up 0.3% against the kiwi, 0.2% relative to the euro and 0.1% vis-a-vis the yen and loonie ahead of U.S. GDP data. Federal Reserve District Presidents Williams and Rosengren, who both represent blue state areas, favor as many as four interest rate increases this year. Chicago Fed President Evans is more inclined […] More
