Central Bank Watch
Reserve Bank of Australia
July 4, 2017
Australia’s Official Cash Rate was again left at 1.5%, its level since the last of eight 25-basis point reductions from October 2012 to August 2016. A statement from Governor Lowe conveys no urgency to change the rate soon in either direction. The statement again warns that an appreciation of the Australian dollar would be an […] More
Central Bank Watch
Swedish Riksbank Repo Rate Stays at -0.50%
July 4, 2017
The most telling passage from the Executive Board’s post-policy review statement shifts the near-term policy bias from ease to neutral: The fact that inflation has recently been slightly higher than expected and that the risks of setbacks abroad are thought to have decreased makes it less likely than before that the Riksbank will cut the […] More
New Overnight Developments Abroad - Daily Update
North Korea Observes America’s Birthday with a Successful ICBM Test
July 4, 2017
Today is the 241st anniversary of the signing of the U.S. Declaration of Independence. We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these […] More
