Central Bank Watch
Central Bank of Brazil
October 25, 2017
Brazil’s monetary policy committee, Copom, has undertaken the ninth interest rate reduction in the past twelve months, reducing its Selic Rate by 75 basis points to 7.5%. The previous four cuts were by a full percentage point each, and the Selic Rate prior to these nine reductions stood at 14.25%. Earlier, 325 basis points of […] More
Central Bank Watch
Bank of Canada Leaves Policy Rate at 1.0% and Releases Quarterly Monetary Policy Report
October 25, 2017
Canada’s overnight central bank interest rate was retained at 1.0% and will continue to be flanked by a 1.25% Bank Rate and a 0.75% deposit rate. After holding steady at 0.50% for two years, the overnight interest rate had been hiked by 25 basis points after each of the Governing Council’s prior two policy meetings […] More
New Overnight Developments Abroad - Daily Update
Sterling Rebounds and Streak Ends of Higher Daily Closes in Japan’s Stock Market
October 25, 2017
Sterling rose 0.9% overnight, buoyed by stronger-than-forecast third-quarter GDP growth. Xi Jinping introduced the new Chinese Politboro, all with similar ages to himself, and in so doing failed to signal an apparent successor in 2022. He is now China’s most powerful leader since Mao. Japan’s Nikkei closed down 0.5%. That was the first daily loss […] More
