Central Bank Watch
European Central Bank Leaves Policy Settings As Is
July 16, 2020
The European Central Bank’s Governing Council agreed to continue with currently expansive monetary policy settings. According to a released statement, the refinancing rate is zero percent since its last cut of 5 bps in late 2015 and is flanked by a negative 0.50% deposit rate (last cut by 10 bps in September 2019) and a […] More
Central Bank Watch
Bank Indonesia Policy Rate Cut
July 16, 2020
Monetary officials at a scheduled review at Bank Indonesia agreed to their fourth 25-basis point cut their main interest rate, which at 4.0% reaches its lowest level since 2010. Overnight deposit and lending rates also were sliced by 25 basis points. The lower interest rates are being complemented by an asset purchase program and warranted […] More
New Overnight Developments Abroad - Daily Update
Covid-19 Is in Control Rather than Being Under Control
July 16, 2020
The best laid plans of mice and men…. Governments want to reopen economic activity, but a rising curve of new coronavirus cases both around the world and in the United States is setting other imperatives. Over the past 24 hours, there were 230.3k cases world wide, including a record 71.7k in the United States, where […] More
