Archive for January 23rd, 2013

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