Central Bank Watch
Bank of England Policy Left As Is But Reveals a Dovish Sign
November 7, 2019
Sterling’s slide reflects one of the days biggest surprises. While the Bank of England Monetary Policy Committee left unchanged existing stocks of corporate bond purchases, U.K. gilt purchases, and the 0.75% bank rate, the vote by the 9-person committee on the interest rate level drew dissents favoring a cut by Michael Saunders and Jonathan Haskel. […] More
Central Bank Watch
Serbian Central Bank Rate Cut
November 7, 2019
the National Bank of Serbia’s executive board did make a change in its policy rate, cutting such by 25 basis points to 2.25%. This is the third such cut since July. A statement of explanation cites weakening inflationary pressure and the easing actions of other central banks but asserts that Serbian domestic macroeconomic indicators continue […] More
New Overnight Developments Abroad - Daily Update
Risk Back On
November 7, 2019
A claim was made by a Chinese Commerce Ministry spokesman that the U.S. and China have agreed to a phased and mutual reduction of trade deficits but only contingent on a trade deal being done. Stock markets are up 0.7% in Germany, 1.0% in Australia, 0.7% in Singapore, 0.6% in Hong Kong, 0.5% in India, […] More
