Central Bank Watch
Central Reserve Bank of Peru
August 10, 2017
Peru’s monetary policy rate was left steady at 3.75%. Two reductions have already been made this year, each of 25 basis points in May and July. The four prior changes were increases, also each by 25 basis points, and the last of these moves was done in February of 2016. A statement after this month’s […] More
Central Bank Watch
Bank of Mexico Votes Unanimously to Keep 7.0% Interest Rate
August 10, 2017
The Trump-driven plunge of the peso in 2016 lifted Mexican inflation and elicited six 50-basis point interest rate hikes and four increases of 25 basis points starting in December 2015 and most recently in June of this year. The final three increases were by 25 basis points. according to a released statement from the Bank […] More
Central Bank Watch
National Bank of Serbia
August 10, 2017
The second of two 25-basis point interest rate cuts in 2016 was implemented in July of that year and left the rate level at its current 4.0%. Reductions had been made earlier totaling 350 basis points in 2015, 150 bps in 2014 and 275 basis points from April 2013 through the end of that year […] More
Central Bank Watch
Overnight Filipino Reverse Repo Rate Left at 3.0%
August 10, 2017
The key interest rate at Bangko Sentral ng Pilipinas has been at 3.0% since June 2016 and will stay at that level after the Bank Board’s latest review. The decision is explained in a statement that defines the inflation environment as still “manageable.” Although inflation has recently risen somewhat and despite acknowledging price risks tilted […] More
New Overnight Developments Abroad - Daily Update
Risk Off Investor Mood
August 10, 2017
Gold has inched closer to $1,300 per ounce, climbing 1.0% overnight to $1,292.60 per ounce. The dollar fell another 0.6% against the yen, touching an 8-week low against that currency. The dollar also dropped 0.4% relative to the yuan but booked marginal gains versus the euro, Swissy, loonie, and Aussie dollars. A bigger advance was […] More
