Central Bank Watch
European Central Bank
October 29, 2020
The ECB Governing Council did not change policy settings, nor was a change expected by street analysts. The deposit rate has been -0.5% since September 2019, and the size of the PEPP program of pandemic support was lifted to 1.35 trillion euros last June and will remain at least through next June. Regular asset purchases […] More
Central Bank Watch
Bank of Japan
October 29, 2020
This month’s Bank of Japan Board meeting coincided with the release of its quarterly Outlook for Economic Activity and Prices. Targeted interest rates of -0.1% on overnight money rates and “around 0%” on the 10-year JGB yield since September 2016 were again not changed, nor did officials elect to modify any other policy settings, according […] More
New Overnight Developments Abroad - Daily Update
Dollar Rebound Continues While Equities Remain Exposed
October 29, 2020
There’s much to digest today: monetary policy reviews in Japan and Euroland, a first glimpse of U.S. 3Q growth, Covid lockdowns in France and Germany, and latest U.S. political developments as election campaign enters final days. The dollar strengthened overnight by another 1.4% versus the peso, 1.3% against the Australian dollar, 0.8% relative to the […] More
