Central Bank Watch
50 Basis Point Central Bank Rate Cut in Chile
June 11, 2019
The Central Bank of Chile last Friday unexpectedly cut its benchmark interest rate by 50 basis points to 2.50%, the lowest level since a 25-basis point hike in January. The policy reversal returns the key interest rate to the low prevailing from May 2017 until October 2018. According to a officials, one should not infer […] More
New Overnight Developments Abroad - Daily Update
Equities Rally Further… Dollar Narrowly Mixed
June 11, 2019
Equities advanced in the Pacific Rim by 2.6% in China, 1.6% in Australia, 0.9% in Hong Kong and 0.3% in Japan. In European trading thus far, stocks have risen 1.3% in Germany, 1.0% in Switzerland, 0.9% in Italy, 0.8% in France and 0.5% in the U.K.. European data reflect continuing concern about trade tensions. The […] More
