Archive for September 21st, 2015

Central Bank Watch

Bank of Mexico Interest Rate Kept at Record Low of 3.0%

September 21, 2015

From a pre-Great Recession high of 8.25%, Mexico’s central bank interest rate was cut seven times by 375 basis points in all between January 2009 and July 2009.  Four more cuts of 50 basis points in March 2013, 25 bps in September 2013, 25 bps in October 2013 and 50 basis points in October 2014 […] More

New Overnight Developments Abroad - Daily Update

Greek Election, Japanese Holiday, and Mixed Markets

September 21, 2015

Syriza, the Leftest party of Greek Prime Minister Tsipras will command about 155 of 300 parliamentary seats with its coalition partner after Sunday’s election that drew a low voter turnout.  This was the result the rest of Europe desired, but a potential for the Greek debt crisis to flame anew persists because promised fiscal actions […] More