Archive for December 22nd, 2015

Central Bank Watch

A Trio of Latin American Central Bank Rate Hikes

December 22, 2015

Monetary officials in Chile, Colombia and Mexico wasted little time last week matching the FOMC’s 25-basis point interest rate hike. The Central Bank of Chile policy rate was lifted to 3.5%.  This was the second Chilean tightening of the cycle following one in mid-October.  Previously, 225 basis points of rate cuts were spaced out between […] More

Central Bank Watch

Turkish Policy Inaction Generates Market Surprise

December 22, 2015

Turkey’s complexity of interest rates — a 7.5% one week repo, 10.75% overnight lending rate, and 7.5% overnight borrowing rate — last got modified on February 24, 2015.  After the prior meeting, hints were conveyed that monetary officials hope to soon start returning to a more conventional single rate objective and that the main one-week […] More

New Overnight Developments Abroad - Daily Update

Looking for U.S. Data to Provide Today’s Market Guidance

December 22, 2015

Revised U.S. GDP heads a bunch of data releases later this morning that also includes existing home sales, the Richmond Fed manufacturing index, home prices, and weekly Johnson-Redbook chain store sales.  The GDP revision is likely to show less growth than reported initially. The Australian and New Zealand dollars were well bid overnight, climbing 0.8% […] More

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