Archive for June 17th, 2016

Central Bank Watch

Central Bank of Chile

June 17, 2016

Chile’s main central bank interest rate, which has been at 3.5% since 25-basis point hikes last October and December, was left unchanged at the June meeting.  A released statement predicted more hikes in the future in a normalizing process but indicated that lower-than-expected inflation could limit such moves.  “Partial second-quarter output and demand data reflect […] More

Central Bank Watch

Next Week

June 17, 2016

Special Events:  Local Italian election in Rome on Sunday, June 19 and British referendum on Brexit on Thursday, June 23. Holiday:  Greece on Monday for Holy Spirit Day. Central Banks:  Janet Yellen, Chair of the Federal Reserve, gives semi-annual testimony (known formerly as Humphrey-Hawkins) before the Senate Banking Committee on Tuesday and House Financial Services Committee […] More

New Overnight Developments Abroad - Daily Update

Another Violent Act Slows Market Stampede into Safe Havens

June 17, 2016

Call it a second shot heard round the world.  Campaigning was suspended by both the “leaves” and the “remains” ahead of next Thursday’s U.K. referendum on whether to stay in the EU or abandon such.   This hiatus followed the assassination of MP Jo Cox, who had favored remaining in the European Union.  Assets perceived […] More

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