Central Bank Watch
Bank of Israel Leaves Central Bank Rate at 0.10% and Signals Reluctance to Start Normalization Anytime Soon
October 8, 2018
Forty four months have elapsed since the last Israeli central bank change, a cut of 15 basis points to 0.10% in February 2015. Inflation is still too low to begin raising the rate. The inflation environment has not changed markedly since the previous interest rate decision, despite slightly lower than expected recent CPI readings: The […] More
New Overnight Developments Abroad - Daily Update
More Risk Aversion Lends Support to Dollar
October 8, 2018
The dollar has risen today by 0.8% against the Chinese yuan, 0.6% relative to sterling, 0.4% versus the euro, 0.3% vis-a-vis the loonie, and 0.1% against the Swiss franc and Mexican peso. Japan (Sports Day) and Canada (Thanksgiving) are observing holiday closures, but China reopened for business following a one-week observance of the Communist Revolution […] More
