Central Bank Watch
Bank of Canada to Tighten Later than Imagined Earlier
January 23, 2013
Canada’s overnight interest rate target, which has been at 1.0% since a 25-basis point hike in early September 2010, was left at that level and accompanied by a statement that declared “any such modest withdrawal of monetary policy stimulus is less imminent than previously anticipated.” The more dovish picture reflects downward revisions to GDP growth […] More
New Overnight Developments Abroad - Daily Update
Eye on the U.K.
January 23, 2013
Sterling hasn’t reacted much to news out of Britain, edging 0.1% higher against the dollar. Prime Minister Cameron’s delayed speech on Britain’s relationship to the EU promised an in/out referendum by December 2017 if Conservatives are reelected. He like Britain to stay in the EU but only if the rules of its relationship to the […] More
