Archive for April 12th, 2016

Central Bank Watch

Central Bank of Chile

April 12, 2016

There were two 25-basis point Chilean interest rate hikes in the final quarter of 2015.  They were the first tightenings in several years, but there has been no further change in the 3.5% range since December.  A statement released after the latest policy meeting kept that level but promises further rate normalization.  Inflation of 4.5% […] More

Deeper Analysis

IMF Reduced Projected Growth Further

April 12, 2016

New economic growth forecasts were unveiled today ahead of the spring 2016 IMF/World Bank meetings.  The latest World Economic Outlook, which is prepared quarterly, downgrades projected baseline 2016 growth for the world, the aggregated groups of all advanced economies and those that are developing or emerging, as well as for most individual countries including the […] More

New Overnight Developments Abroad - Daily Update

Oil Retains $40-Plus Level

April 12, 2016

After closing above $40 per barrel on Monday, West Texas Intermediate crude oil extended its rebound by 0.6% to $40.59.  Investors are hopeful that upcoming talks between OPEC and Russia will yield an accord to freeze production. Signs of higher inflation contributed to a better investor mood as well. Swedish consumer prices rose 0.5% in […] More

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