Central Bank Watch
Central Bank of the Republic of Colombia
August 31, 2017
Colombia’s central bank interest rate was lowered by 25 basis points to 5.25%, bringing the cumulative decline over the past six monthly meetings to 175 basis points. A majority of four policymakers wanted a 25-basis point cut, while two preferred a reduction of 50 basis points, and one voted not to cut the rate at […] More
Deeper Analysis
August in Figures
August 31, 2017
Ten-year sovereign debt yields feel pretty much in tandem during August except in Japan where the drop was less sizable but consistent with the Bank of Japan’s target. Short-term interest rates remained low and well anchored by ultra-loose monetary policy stances. The dropped significantly against the Chinese yuan and marginally against traditional “hard currencies” like […] More
Central Bank Watch
Bank of Korea
August 31, 2017
The Bank of Korea Base Rate was left unchanged at 1.25%, its level since a 25-basis point cut in June 2016, and that had been the first change in a year’s time. South Korean monetary policy is accommodative, and the next rate change most likely will be an increase than another cut. Inflation has climbed […] More
New Overnight Developments Abroad - Daily Update
Firmer Dollar on this Last Day of August
August 31, 2017
The dollar climbed overnight by 0.8% against the kiwi, 0.4% relative to sterling, 0.3% versus the peso, and 0.2% vis-a-vis the euro, yen, Swissy, Canadian dollar and Australian dollar. The greenback also edged up 0.1% against the yuan. Gold dipped 0.2%. Lots of data reported today. Stocks were mixed overnight in Asia but are mostly […] More
