Archive for May 5th, 2020

Central Bank Watch

Malaysian Central Bank Interest Rate Cut

May 5, 2020

Bangko Negara Malaysia cut its overnight policy rate by 50 basis points to 2.0%. Including 25-basis point reductions in January and March, that brings the total decline thus far in 2020 to a full percentage point. These cuts have been complemented by other monetary and financial measures according to a released statement. It notes that […] More

New Overnight Developments Abroad - Daily Update

More Weak Data, More Holiday Closures, and a Few Monetary Policy Reviews

May 5, 2020

Markets didn’t trade today in China (Labor Day), Japan (Children’s Day), or South Korea (also Children’s Day). Share prices elsewhere in the Pacific Rim went up 1.6% in Australian, 1.1% in Hong Kong, 0.9% in Malaysia (aided by an interest rate cut), and 0.5% in Indonesia and Taiwan. India’s Sensex index fell 0.8%, but European […] More