Central Bank Watch
Bank of Canada
December 7, 2016
This month’s Bank of Canada policy meeting, the last scheduled for 2016, was not synchronized with one of the four full monetary policy reports produced each year. As expected, the overnight money target was left at 0.50%. Since the end of the Great Recession, the rate has been changed just five times: three 25-bp increases […] More
Central Bank Watch
Wait-And-See Stance at the Reserve Bank of India
December 7, 2016
The latest monetary policy review in India left the repo rate at 6.25%, the reverse repo at 5.75%, and reserve requirements unchanged. A released statement stressed uncertainty, guarded optimism, and a wish to see more data to confirm the baseline forecast amid considerable uncertainty affecting the global and Indian economies. This bi-monthly review is set […] More
Central Bank Watch
National Bank of Poland Keeps Record Low 1.5% Reference Interest Rate
December 7, 2016
Poland’s main central bank interest rate has been 1.5% since cuts of 50 basis points in January 2014 and March 2015. In defending the appropriateness of this level after the latest Monetary Policy Council review, officials observed Amid moderate global economic growth and lower commodity prices than in previous years, price growth in the environment […] More
New Overnight Developments Abroad - Daily Update
Euroland Stocks Rally and Oil Retreats Further
December 7, 2016
The ECB Governing Council, which meets tomorrow and is scheduled to release new forecasts, is widely expected to unveil an extension of planned asset purchases beyond March 2017, the current termination date of the program. Stock markets are up today in Europe by 2.9% in Greece, 1.6% in Germany, 1.5% in the U.K., 1.8% in […] More
