Archive for April 16th, 2020

Deeper Analysis

Central Bank Interest Rate Scorecard

April 16, 2020

The year 2020 is less than a third completed and already proving to be a very active one from a monetary policy standpoint. Mandated restraints on social gathering have depressed global GDP growth with a ferocity unknown in living memory. Regrettably, the scope for reducing nominal interest rates was limited from the start for many […] More

Central Bank Watch

Another Filipino Central Bank Interest Rate Cut

April 16, 2020

The central bank in the Philippines implemented a third interest rate cut since early February, reducing its policy rate by 50 basis points after an unscheduled meeting to 2.75%. Earlier cuts of 50 basis points and 25 bps were made on March 19 and February 6. The Monetary Board took today’s action to strongly encourage […] More

New Overnight Developments Abroad - Daily Update

Dollar Extends Rise Amid Pandemic-Related Uncertainty

April 16, 2020

Overnight dollar gains prior to today’s report on U.S. new jobless insurance claims range from 1.0% versus the peso, 0.5% against sterling, 0.4% relative to the Australian dollar, 0.3% versus the euro and kiwi, 0.2% against the Swiss franc, and 0.1% relative to the yen, yuan, and loonie. In futures trading, the 10-year U.S. Treasury […] More

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