Central Bank Watch
Pace of Brazilian Monetary Easing Moves to Higher Gear
January 11, 2017
Copom, the monetary policy committee, voted unanimously to reduce the Selic interest rate to 13.0% from 13.75%. This was the third cut since October but three times more sizable than the first two moves. Prior to the current round of easing, the Selic rate was increased from 7.25% in April 2013 to 11.0% a year […] More
Central Bank Watch
National Bank of Poland
January 11, 2017
The 1.5% central bank reference rate since a 50-basis point cut in March 2015 was decreed still appropriate in a released statement that observes slower growth last quarter, projects moderate growth this year, and attributes a rise of inflation to 0.8% as of December to “factors beyond the direct impact of domestic monetary policy.” Price […] More
New Overnight Developments Abroad - Daily Update
Dollar Up ahead of Trump’s First Press Conference
January 11, 2017
The dollar appreciated overnight by 0.5% against the euro, 0.4% versus the yen, Swissie and sterling, 0.2% relative to the Mexican peso, and 0.1% relative to the yuan. It dipped 0.1% vis-a-vis the New Zealand and Australian currencies but extended its rise against the Turkish lira by about 2%. The juxtaposition of Obama’s Farewell Address […] More
