Central Bank Watch
Central Bank of the Republic of Turkey
April 25, 2018
Turkish monetary policy was tightened slightly at the latest review. Most of the central bank’s interest rates — an 8.0% one-week repo, a 7.25% marginal borrowing rate, a 9.25% overnight marginal funding rate, and a rate of zero percent for the late liquidity window borrowing rate — were not changed. But a released statement announced a […] More
Central Bank Watch
Central Bank of Hungary
April 25, 2018
The latest review of Hungarian monetary policy by the central bank’s Council decided to keep their low interest rates unchanged. The overnight deposit rate has been at -0.15% since a ten-basis point cut last September, and the base rate and overnight collateralized lending rate have been at 0.90% since a 15-basis point reduction in May […] More
Central Bank Watch
Canadian Monetary Policy Meeting of April 18th Left Stance Unchanged
April 25, 2018
The April Bank of Canada Governing Council meeting coincided with the publication of a quarterly Monetary Policy Report and newly updated macroeconomic forecasts. The last policy change in January, a 25-basis point overnight target interest rate hike to 1.25%, occurred when the previous MPR was released. Board members this time chose to keep the policy […] More
New Overnight Developments Abroad - Daily Update
Dollar Broadly Stronger… Gold and Global Bonds Down
April 25, 2018
The Mexican peso extended its recent swoon, falling 1.0% against the dollar and moving past the 19 per USD threshold. U.S./Mexican relations appear headed for another dive, as Lopez Obrador, the former Mexico City mayor and a populist, retained a huge lead in presidential election polls. The election is just over two months away. It’s […] More
