Central Bank Watch
Central Bank of Brazil Leaves Policy as Is
June 8, 2016
Copom, the Brazilian monetary policy committee, kept its 14.25% Selic rate unchanged as expected. Brazil remains deeply in recession, but inflation is twice as much as the 4.5% target and is thus the top concern. Between October 2014 and July 2015, the Selic Rate was raised from 11% to 14.25% as the plunging real lifted […] More
Central Bank Watch
Key Polish Central Bank Rate Left at 1.5%
June 8, 2016
The National Bank of Poland’s reference rate has been at 1.5% since cuts of 50 basis points each in January and March of 2015. Previously, 225 basis points of easing were administered between November 2012 and July 2013. A statement released after the latest meeting of the Monetary Policy Council observes that “with a negative […] More
Central Bank Watch
Chinese Data and a Slew of Japanese Statistical Releases
June 8, 2016
Commodities, commodity-sensitive currencies like the kiwi and rand and other emerging market currencies like the won experienced another strong session. West Texas Intermediate crude oil is trading marginally above $51 per barrel versus a February low of $26.05. Gold advanced 0.9% to $1,258.7 per ounce, and copper jumped over 2%. Eurozone sovereign debt yields are under […] More
