Central Bank Watch
Bank of England Unanimously Keeps Policy Unchanged
November 3, 2016
The Monetary Policy Committee decided to make no changes to the three elements of its accommodative stance. A Bank Rate of 0.25%, which had been halved in August. A mandate to purchase an additional 60 billion pounds of British gilts on top of the GBP 375 billion it earlier had acquired. Plans to buy GBP […] More
Central Bank Watch
Czech National Bank
November 3, 2016
The CNB Board meeting concluded with an announcement of unchanged policy. The two week repo rate has been at 0.05% since November 2012. A cap since November 2013 preventing the koruna from appreciating beyond 27 per euro has been utilized as an extra tool of monetary policy enforced by intervention, and such will be maintained until […] More
New Overnight Developments Abroad - Daily Update
Several Developments to Watch
November 3, 2016
A few new U.S. political polls show Clinton still leading, but the race has narrowed, leaving the eventual outcome in doubt. The Mexican peso trimmed its recent losses. Britain may get softer Brexit terms after all. A U.K. court has ruled that parliament must vote on the invocation of Article 50, which will begin the […] More
