Central Bank Watch
Bank of Canada: No Rate Change but Tighter Forward Guidance than Predicted
January 9, 2019
Canadian monetary policy remains in a tightening cycle intended to converge on rate neutrality. There have already been five 25-basis point hikes of the overnight rate target beginning in July 2017 and with follow-up moves in September 2017, then January, July and October of 2018. The big decline in the global price of oil resulted […] More
New Overnight Developments Abroad - Daily Update
Today’s Menu: Trade Data and Talks, Central Bank Meetings, and a Continuing U.S. Government Shutdown
January 9, 2019
Equity markets continued to rally after U.S.-Sino lower-level trade talks extended to a third day. Although no details about possible progress were revealed, investors took the unexpected third day of negotiations as a good sign that the dispute can be settled by March and avert a re-escalation of mutual big tariffs by the two countries […] More
