Central Bank Watch
Bank of Canada Policy Deemed Appropriate and Left Unchanged
September 4, 2013
It’s been three years since the last change in Canada’s overnight rate target of 1.0%, which was raised by 25 basis at each of three successive Bank of Canada policy meetings in June, July and September 2010. That status quo will now enter a fourth year after officials again agreed not to change their policy […] More
Central Bank Watch
National Bank of Poland Keeps Existing Interest Rate Structures
September 4, 2013
The Policy Council of Narodowy Bank retained a 2.5% reference interest rate as widely expected and made no changes in its other central bank rates. Inflation is running at only half the 2% target, and GDP doubled to 0.2% in the first quarter and doubled again to 0.4% in 2Q13. On-year GDP growth was positive […] More
New Overnight Developments Abroad - Daily Update
Further Market Anxiety from Syria and as FOMC Meeting Nears
September 4, 2013
Several stock markets posted large overnight losses. In the Pacific Rim, equites fell 2.2% in Indonesia, 1.0% in the Philippines, 1.3% in Singapore and 0.7% in Australia. Hong Kong, China and Taiwan dipped 0.3%, 0.2% and 0.1%, while a 1.8% advance of India’s Sensex and a 0.5% rise in Japan’s Nikkei proved exceptions to the […] More
