central bank rate cuts
Bank of Thailand Cuts Interest Rate a Second Time
January 25, 2012
Following up on a 25-basis point policy interest rate cut on November 30th, Thailand’s Monetary Policy Committee reduced such again as anticipated to 3.0% from 3.25% and released a statement that asserted inflationary pressure "remains contained" and identified "global headwinds" that could "pose risks to Thailand’s economic growth." Not all of the drag on growth […] More
A Third and Somewhat Unexpected Rate Cut by the Bank of Israel
January 23, 2012
No central bank was quicker than Israel’s in raising interest rates after the Great Recession. Having slashed such from 4.25% to 0.5% during the downturn, the Bank of Israel began the process of normalization with a 25-bp increase in August 2009. Nine ensuing rate hikes lifted the benchmark to 3.25% by May of last year. […] More
