Central Bank Watch
Bank of Canada’s Interest Rate Target Kept at 0.50%
January 18, 2017
The Governing Council retained a 0.5% target interest rate. That’s been the level since reductions of 25 basis points in January 2015 and July 2015. Officials just completed a review quarterly that hardly changed macroeconomic projections last made in October and that concluded that the existing monetary stance is still appropriate. A statement explaining today’s […] More
New Overnight Developments Abroad - Daily Update
Better Session for the Dollar
January 18, 2017
Following sharp losses on Tuesday, the dollar prior to the release of U.S. CPI figures shows a recovery of 0.9% against sterling, 0.8% relative to the peso, 0.5% vis-a-vis the loonie and yen, and 0.2% versus the euro, Aussie dollar and kiwi. The yuan and Swiss franc remained steady. Share prices in the Pacific Rim increased […] More
