Deeper Analysis
Next Week
June 14, 2019
Central Banks: Monetary policy meetings at the Federal Reserve, Bank of Japan, Bank of England, and in Norway, Turkey, Thailand, Taiwan, Brazil, and the Philippines. The FOMC will release updated forecasts, and Chairman Powell will preside over a press conference. Governors Carney of the Bank of England and Lowe of the Reserve Bank of Australia […] More
Central Bank Watch
Russian Monetary Stance Eased as Expected
June 14, 2019
The Central Bank of Russia today cut its benchmark interest rate for the first time since March 2018. The 25-basis point rate reduction to 7.5% had been foreshadowed in comments made after the previous monetary policy review, and today’s released statement points to more rate relief in coming months if inflation continues to settle back […] More
Central Bank Watch
Swiss Quarterly Monetary Policy Review
June 14, 2019
The Swiss National Bank’s quarterly monetary policy review yesterday left the expansionary stance unchanged. Viewing their currency to be overly pricey, officials remain prepared to intervene against excessive appreciation on a discretionary basis as appropriate. The 3-month sight deposit target remains negative 0.75% as defined by a -1.75 to -0.25% 3-month LIBOR corridor. However, officials […] More
New Overnight Developments Abroad - Daily Update
Most Stock Markets Slide Amid Continuing Geopolitical Tensions
June 14, 2019
Equities overnight by 1.0% in China, 0.7% in India, and 0.6% in Hong Kong. European losses so far amount to 0.8%, 0.7%, 0.6% and 0.5% in Germany, Spain, the U.K., and France. But the Japanese Nikkei closed 0.4% higher. The United States is engaged in a three-frontal confrontation: a trade war with China, a potential […] More
