Archive for March 18th, 2016

Central Bank Watch

Bank of Mexico

March 18, 2016

Mexico’s policy interest rate was left at 3.75%.  An unexpected 50-basis point increase in February has lent the peso a more stable tone.  A released statement from the Bank of Mexico says that future rate decisions will hinge on developments affecting actual inflation, expected inflation, Mexico’s output gap and Fed policy.  The FOMC’s decision not […] More

Central Bank Watch

Russian Monetary Policy Left Unchanged

March 18, 2016

After keeping the 11.0% policy interest rate unchanged, Russian monetary policymakers released at statement that called the policy stance “moderately tight” and noted a drop in on-year CPI inflation from 15% in November to 8.1% last month.  Officials surmise that “monetary policy may remain moderately tight over a longer period of time than expected” but express […] More

New Overnight Developments Abroad - Daily Update

WTI Oil Extends Rise Above $40 Level

March 18, 2016

West Texas Intermediate oil has climbed another 1.8% to $40.93 per barrel.  There has been a rebound of 56.6% since February 11 when oil touched its lowest level since May 2003. The rebound in oil has maintained a bid tone in share prices.  The DOW is 0.7% higher.  Stocks have risen 0.5% in Spain and […] More

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