Central Bank Watch
Bank of Canada Leaves Policy Unchanged
July 13, 2016
Canada’s overnight money rate target has been 0.50% since two 25-basis points cut last year implemented in January and July. Monetary officials retained the 0.50% rate but lowered projected GDP growth this year to 1.3% and pushed back slightly the expected timing when the negative output gap, which depresses inflation, will disappear to the end […] More
Central Bank Watch
Malaysia’s First Rate Cut Since Early 2009
July 13, 2016
Warning that ” the uncertainties in the global environment could weigh on Malaysia’s growth prospects,” a statement released by the Monetary Policy Committee of Bank Negara Malaysia justifies a 25-basis point interest rate cut to 3.0%. External downside growth risks look greater: “Global growth prospects have become more susceptible to increased downside risks in light […] More
New Overnight Developments Abroad - Daily Update
A Broadening Sense of Relief
July 13, 2016
Global stocks recorded a fifth straight session of appreciation. Industrial commodities continued to rally as well. The dollar is marginally softer. Investors are relieved that the succession of British governments is occurring more quickly than feared and feel confident that Theresa May is the right person to lead the U.K. through its exit from the […] More
