Archive for May 20th, 2019

Central Bank Watch

Israeli Policy Interest Rate Unchanged at 0.25%

May 20, 2019

Six months have now elapsed since the one and only interest rate hike of the current tightening cycle. The rate previously had been pinned at 0.10% from February 2015 to November 2018, and it remains far beneath the last cyclical high in 2010 of 3.25% in the summer of 2011. In a published statement today following […] More

New Overnight Developments Abroad - Daily Update

Two Surprises

May 20, 2019

The new week is greeting investors with two unexpected developments, one political and the other economic. The right-of-center Liberal-National coalition government of Australia was headed for defeat in parliamentary elections according to previous opinion polls but instead defeated its Labour Party opponent. Scott Morrison will remain prime minister, and he campaigned on a promise of […] More