Archive for August 31st, 2016

Central Bank Watch

Central Bank of Brazil Leaves Selic Rate at 14.25%

August 31, 2016

The Selic Rate has been 14.25% since a 50-basis point hike in July 2015 culminated 325 basis points between July 2014 and July 2015. The decision was unanimous by Copom, Brazil’s monetary policymaking committee. A released statement says, Taking into account the baseline scenario, the current balance of risks, and the wide array of available […] More

Central Bank Watch

No Colombian Interest Rate Hike this Month

August 31, 2016

By a 6-1 vote, the Board of the Central Bank of the Republic of Colombia agreed to leave its interest rate benchmark at 7.75%. That decision broke a string of 11 straight monthly hikes, nine by 25 basis points and two by 50 basis points. The dissenting vote wanted a 25-basis point increase. CPI inflation […] More

New Overnight Developments Abroad - Daily Update

End of August

August 31, 2016

Investors are less worried about European growth and more confident the Fed will lift rates soon at the end of the month than they were at the start of August. A lot of data was released on this final trading session of the month. The dollar is down 0.4% against sterling. Britain’s Nationwide house price […] More

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