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
