Central Bank Watch
Later Onset of Rate Increases Signaled by the Bank of Canada
April 17, 2013
From a low of 0.25%, the target Canadian overnight rate was lifted three successive times in June, July and September 2010, but no further rate normalization has been engineered during the ensuing 31 months. The key rate will remain at 1.0% according to today’s third scheduled policy announcement of 2013, which was synchronized with the […] More
Central Bank Watch
Riksbank Executive Board Retains 1.0% Swedish Repo Rate but Lowers Projected Future Rate Path
April 17, 2013
The repo rate needs to remain at a low level for a longer period of time to support the recovery to ensure that inflation rises towards the target. …Gradual increases in the repo rate are not expected to begin until the second half of 2014, which is around a year later than the earlier forecast. […] More
New Overnight Developments Abroad - Daily Update
Fresh Wave of European Anxiety
April 17, 2013
After constructive sessions overnight in Asian trading, European stocks again hit the skids. The dollar is up and commodities are lower. There have been unconfirmed speculation that German debt might suffer a rating downgrade. Construction output in the euro area fell 0.8% in February on top of a 2.1% slump in January. Construction had contracted […] More
