Central Bank Watch
Central Bank of Brazil
May 31, 2017
Brazil’s monetary policy committee, known as Copom, just reduced its Selic interest rate by a full percentage point to 10.25%. This was the fourth cut of 2017 and matched the size of the prior reduction in mid-April. Cuts of 75 basis points each were made in January and February. Two cuts of 25 basis points […] More
New Overnight Developments Abroad - Daily Update
Last Day of May Chocked Full of News
May 31, 2017
There’s an official report today that President Trump has decided to pull the United States out of the Paris climate change accord. White House advisers had been split on this issue. With Britain’s election set for a week from tomorrow, polls reflect a continuing narrowing of the Conservative Party’s lead. A 2.8% overnight plunge in […] More
