Archive for May 18th, 2017

Central Bank Watch

Central Bank of Chile Interest Rate Lowered to 2.50%

May 18, 2017

The central bank Board made its fourth 25-basis point interest rate cut of 2017 today, following similar moves in January, March and April. January’s reduction was the first change since a pair of 25-basis point increase in October and December of 2015 and the first reduction since October 2014. A statement released after the May […] More

Central Bank Watch

Bank of Mexico’s Overnight Interbank Rate Lifted Another 25 Basis Points to 6.75%

May 18, 2017

Mexican monetary authorities raised their key interest rate for the ninth time since December 2015. Like the prior tightening at end-March and the first one of this sequence, today’s was 25 basis points in size. The other six moves were by 50 basis points each. Cumulatively, the interest rate has now been increases 375 basis […] More

Central Bank Watch

No Change Made in Indonesian Monetary Policy at Monthly Review

May 18, 2017

Bank Indonesia’s seven-day reverse repo rate has been at 4.75% since its sixth 25-basis point reduction of 2016 was implemented last October. This key rate will continue to be flanked symmetrically by a 4.0% overnight deposit facility rate and a 5.5% lending facility rate. Officials released a statement after their review defending the current stance and […] More

New Overnight Developments Abroad - Daily Update

Investors Remain Very Risk Averse and Driven by Politics, Not Data

May 18, 2017

Sovereign debt yields continue to fall. In futures, the 10-year Treasury yield of 2.19% is down four more basis points and shows a 22-basis point plunge since the May 10th close. Comparable German bund and British gilt yields fell six and 3 basis points thus far today. The Japanese JGB is unchanged after data showing […] More

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