Central Bank Watch
Bank of Thailand’s Interest Rate Reduced 25 Basis points to 1.25%
November 6, 2019
By a 5-2 vote, the Monetary Policy Committee of the Bank of Thailand cut its 1-day repo rate by 25 basis points to a 9-year low of 1.25%. There were two dissents favoring no change in rate. It is hoped that lower central bank rates will counter the drag of an appreciated baht this year […] More
Central Bank Watch
Another Icelandic Central Bank Rate Cut
November 6, 2019
The Central Bank of Iceland’s 7-day term rate was chopped 25 basis points to 3.0%. Along with earlier reductions of 25 bps in October, August and June and a 50-basis point cut in May, that brings this year’s total decline to 150 basis points. A released statement suggests that the rate may now be appropriately […] More
New Overnight Developments Abroad - Daily Update
A Steady Dollar
November 6, 2019
The dollar on balance remains near Tuesday closing levels. Gold is 0.3% firmer. The spate of recent increases in 10-year sovereign debt yields was reversed today with 3-basis point declines in U.S. Treasuries and British gilt yields and a dip of 1 basis point in the 10-year German bund yield. The Japanese 10-year JGB yield, […] More
