Central Bank Watch
Bank of Norway
January 25, 2018
The Bank of Norway kept its key policy rate steady at 0.50%, the level since a 25-basis point cut in March 2016 capped 175 basis points of easing since 2011. In a released statement, members of the executive board of the central bank asserted that “the outlook and the balance of risks for the Norwegian […] More
Central Bank Watch
Bank Negara Malaysia Implements First Interest Rate Hike Since May 2011
January 25, 2018
Since Malaysia’s last interest rate increase in 2011, there had been a pair of 25-basis point cuts in July 2014 and July 2016. But growth has been picking up and is expected to exhibit continuing upward momentum in 2018, with better support from exports and continuing strong domestic demand. Although inflation averaging 3.7% in 2017 […] More
Central Bank Watch
ECB’s First Policy Meeting of 2018
January 25, 2018
The January meeting of the ECB Governing Council, the first of eight scheduled policy reviews in 2018, resulted in a consensus to leave all policy settings unchanged and the publication of a statement whose appraisal of the euro area economy and guidance to future policy can be best summarized by the fourth paragraph: Incoming information […] More
New Overnight Developments Abroad - Daily Update
Dollar Extends January Losses
January 25, 2018
The dollar declined overnight by 0.5% versus the yuan, 0.4% relative to the Swiss franc and sterling, and 0.2% against the euro, yen, and peso. President Trump arrived in Europe to attend the Davos World Economic Forum. His threat of protectionism is now transitioning into actual action. The Governing Council of the European Central Bank […] More
