Archive for February 12th, 2018

Central Bank Watch

A 25-Basis Point Cut in the Bank of Russia’s Main Interest Rate to 7.5%

February 12, 2018

During calendar 2017, a combination of three 50-basis point central bank interest rate reductions including one in December and three other cuts of 25 basis points lowered the rate to 7.75% from 10.0%. For this year’s first easing, officials chose a 25-basis point increment but released a statement that observed a significant current shortfall of […] More

New Overnight Developments Abroad - Daily Update

Fragile Market Conditions

February 12, 2018

Stocks rose, and the ten-year Treasury yield of 1.84% is five basis points below the recent peak. However, the rhetoric of comments about the market sounds unconvinced that last week’s extreme turmoil is out of the system.  The DOW at this hour shows a rise of 0.8%, but the S&P 500 is only 0.3% firmer. […] More