Central Bank Watch
Mexico’s Interbank Funding Rate Left at 3.0%
January 29, 2015
The Bank of Mexico’s benchmark interest rate has been 3.0% since a 50-basis point cut last June, which was the fourth reduction totaling 150 bps between March 2013 and then. A released statement after the first monetary policy committee meeting of 2015 reads similarly to the prior meeting’s statement, concluding The Governing Council has decided […] More
Central Bank Watch
South African Reserve Bank Interest Rate Left at 5.75%
January 29, 2015
There were two central bank repurchase rate increases in 2014: a 50-basis point hike in January and a follow-up 25-bp increase to 5.75% in mid-July. A released statement after the first scheduled policy meeting of 2015 adopts a wait-and-see attitude regarding how to respond to plunging oil prices that have significantly lowered the near-term projected […] More
New Overnight Developments Abroad - Daily Update
Dollar and Euro Charge Upward
January 29, 2015
The dollar edged 0.1% lower against the euro but has advanced 2.0% against the Swiss franc, 1.9% relative to the Aussie dollar, 1.0% vis-a-vis the kiwi, 0.9% against the loonie and 0.7% against the yen and sterling. The 10-year British gilt slipped four basis points and the 10-year German bund dipped a basis point. The […] More
