Archive for July 15th, 2016

Central Bank Watch

Central Reserve Bank of Peru

July 15, 2016

Late yesterday came the as-expected announcement that Peruvian monetary authorities decided once again to keep they main interest rate at 4.25%.  Inflation had accelerated last year, in part because of a double-digit depreciation of the sol, and this had prompted four 25-basis point central bank rate increases that were implemented in September, December, January and, […] More

Foreign Exchange Insights and Next Week

Next Week

July 15, 2016

Central Banks: Interest rate policies are scheduled at the European Central Bank and in Brazil, Indonesia, Turkey, and South Africa.  ECB President Draghi will hold a press conference after Thursday’s Governing Council meeting, and the Reserve Bank of Australia minutes from this month’s meeting will be released. Holidays and Special Events:  Japan will be closed […] More

New Overnight Developments Abroad - Daily Update

Upbeat Chinese and U.S. Data Overshadow the Terrorist Attack in Nice

July 15, 2016

Chinese GDP, retail sales, and industrial production exceeded analyst expectations and suggest that economy’s slowdown is leveling off. Real GDP growth accelerated to a quarter-on-quarter increase of 1.8% in the second quarter, keeping on-year growth steady at 6.7% instead of slowing further as analysts were expecting. Industrial production posted a 6.2% on-year advance in June […] More