Archive for October 25th, 2017

Central Bank Watch

Central Bank of Brazil

October 25, 2017

Brazil’s monetary policy committee, Copom, has undertaken the ninth interest rate reduction in the past twelve months, reducing its Selic Rate by 75 basis points to 7.5%. The previous four cuts were by a full percentage point each, and the Selic Rate prior to these nine reductions stood at 14.25%.  Earlier, 325 basis points of […] More

Central Bank Watch

Bank of Canada Leaves Policy Rate at 1.0% and Releases Quarterly Monetary Policy Report

October 25, 2017

Canada’s overnight central bank interest rate was retained at 1.0% and will continue to be flanked by a 1.25% Bank Rate and a 0.75% deposit rate. After holding steady at 0.50% for two years, the overnight interest rate had been hiked by 25 basis points after each of the Governing Council’s prior two policy meetings […] More

New Overnight Developments Abroad - Daily Update

Sterling Rebounds and Streak Ends of Higher Daily Closes in Japan’s Stock Market

October 25, 2017

Sterling rose 0.9% overnight, buoyed by stronger-than-forecast third-quarter GDP growth. Xi Jinping introduced the new Chinese Politboro, all with similar ages to himself, and in so doing failed to signal an apparent successor in 2022. He is now China’s most powerful leader since Mao. Japan’s Nikkei closed down 0.5%. That was the first daily loss […] More

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