Deeper Analysis
U.S. Economic Trends and Prospects
June 25, 2020
During the 21st century the United States has experienced faster economic growth than Japan and Euroland more times than not. The Great Recession was less pronounced, and the subsequent recovery emerged sooner and proceeded more vigorously in America. This year’s recession struck abruptly in the first quarter, but the 5.0% annualized contraction of U.S. GDP […] More
Central Bank Watch
Another Mexican Central Bank Interest Rate Cut
June 25, 2020
The Governing Board unanimously cut the overnight interbank interest rate by 50 basis points to 5.0%. This was the fourth straight monthly cut of 50 basis points, and there was also a 25 basis point cut made in February and three 25-bp reductions during the last four and a half months of 2019. The rate […] More
Central Bank Watch
Fourth Filipino Central Bank Rate Cut of 2020
June 25, 2020
At the Central Bank of The Philippines, the key overnight reverse repo rate was reduced by 50 basis points to 2.25%. Such had been also cut by a half percentage point in both March and April and by 25 basis points back in February. Officials released a statement, identifying a deterioration in global GDP conditions […] More
New Overnight Developments Abroad - Daily Update
Distress Persists that Runaway U.S. Outbreak Will Constrain Recovery
June 25, 2020
America’s bad Covid-19 numbers continue to dominate world financial markets this Thursday. China, Hong Kong and Taiwan are closed for the Dragon Boat Festival, but in other stock markets in the Pacific Rim, share prices closed with losses of 2.5% in Australia, 2.3% in South Korea, 1.5% in Singapore, 1.4% in Indonesia and 1.2% in […] More
