Archive for October 12th, 2017

Central Bank Watch

Central Reserve Bank of Peru’s Policy Interest Rate Left Steady at 3.5%

October 12, 2017

At Board meetings in May, July and September, three of the four 25-basis point central bank interest rate hikes implemented between September 2015 and February 2016 were reversed. A reversal of supply shocks enabled inflation to drop back into the 1-3% target range in September after spiking to 3.2% in August, but officials had anticipated […] More

New Overnight Developments Abroad - Daily Update

Sterling Down on Stalemated Brexit Talks

October 12, 2017

A fifth round of Brexit talks between the U.K. and EU failed to make progress settling the matter of Britain’s debt to the common currency, and without such the EU won’t discuss Britain’s future relationship with Continental Europe. Sterling fell 0.6% against the euro and dollar overnight. Sentiment toward the euro was buoyed by the […] More