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Commodity Research Report: Monthly Newsletter March 2015

Commodity Research Repor
04 Mar 2015 | 09:44 AM

  • Greece secured bailout extension from Eurozone for four months, as EU finance ministers gave their approval to a list of new reforms drawn up by Athens, which must now be implemented by June. The proposals also gave new Prime Minister Alexis Tsipras spare cash to deal with a huge poverty crisis created by five years of austerity.
  • Janet L. Yellen, the Federal Reserve chairwoman, told Congress that the central bank is pleased with recent economic growth but convinced there is room for improvement and still pondering when to start raising interest rates. Possibility for the rate hike is as soon as June, she said in her testimony before the Senate Banking Committee.
  • The People's Bank of China's surprisingly reduced reserve requirements of major banks by 50 basis points to 19.5 percent. The move was the first such cut since May 2012. 
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