Central Bank Watch
National Bank of Poland
May 16, 2018
A 1.5% central bank reference interest rate will continue to be flanked by a 0.5% deposit rate and a 2.5% lombard rate. In a released statement, officials note “persistently low domestic inflationary pressure across many countries” and predict that Polish inflation will likely stay near its target pace through the monetary policy transmission horizon. On-year GDP […] More
Central Bank Watch
Central Bank of Iceland
May 16, 2018
Iceland’s Monetary Policy Committee agreed to leave its 7-day term deposit rate at 4.25%. It’s been at that level since a 25-basis point cut last October versus 5.0% at the end of 2016 and 5.75% at the end of 2015. According to a released statement, the monetary stance is tight and appropriately so in order […] More
Central Bank Watch
Bank of Thailand’s Policy Rate Left Unchanged at 1.50%
May 16, 2018
A released statement by the Monetary Policy Committee defends the appropriateness of an accommodative policy stance. Although the economy continues to gain traction, external risks persist. A positive output gap is diminishing, but it will be some time before sub-target inflation rises to its desired level. Core inflation is rising only slowly. Officials promise to monitor […] More
New Overnight Developments Abroad - Daily Update
Watching Several Situations
May 16, 2018
A weaker-than-expected Japanese GDP report saw negative growth on both a nominal and real basis last quarter. There was additional evidence of less inflation than assumed in Europe, and Australian wage costs data show benign containment. Treasury-compiled capital movements revealed another big U.S. inflow in March. It’s been a busy day for central bank news, […] More
