Archive for October 30th, 2017

Central Bank Watch

Central Bank of Colombia Enacts an Eighth 2017 Interest Rate Cut

October 30, 2017

Colombia’s benchmark interest rate was sliced to 5.0% from 5.25%. This was this year’s sixth 25-basis point reduction, and there have been also two cuts of 50 basis points. Prior to these, there was an initial 25-bp cut in mid-December of 2016. The rate had crested at 7.75% from July until December of last year. […] More

Foreign Exchange Insights and Next Week

2017 Isn’t 1981

October 30, 2017

The dollar famously soared in the early 1980s on a mix of tighter monetary policy and a stimulative fiscal policy driven by sharp U.S. tax reduction. Such a policy configuration is falling into place as 2017 winds down, and market sentiment towards the dollar seems to be improving judging by momentum behind published forecasts. Moreover, […] More

New Overnight Developments Abroad - Daily Update

A Week Begins Fraught with Possibility

October 30, 2017

U.S. President Trump has promised to reveal his choice for Fed Chairperson this week before leaving for Asia on Friday. Jerome Powell is perceived to be the likeliest choice. Although presently a member of the Fed Board of Governors, Powell is not an economist by training. Over the past 47-1/2 years, economists have chaired the […] More