Central Bank Watch
Bank of Canada Holds Fire and Leaves Policy Interest Rate Unchanged at 1.75%
September 4, 2019
Canada’s overnight target rate has been 1.75% since the last of five 25-basis point hikes spaced between July 2017 and October 2018. With one after another central banks caving in to the global trends of slower growth, subdued wage and price pressure, and falling long-term market interest rates, the Bank of Canada Board stood its […] More
Central Bank Watch
Chilean Central Bank Interest Rate Cut by 50 Basis Points in Unanimous Decision
September 4, 2019
The Central Bank of Chile became the latest monetary authority to cut interest rates in the face of a deteriorating global landscape. Chile’s monetary policy rate was cut by 50 basis points for the second time in three months and now becomes 2.0%, its lowest level since early September of 2010. The vote to ease […] More
New Overnight Developments Abroad - Daily Update
Some Geopolitical Relief but Not Out of the Woods
September 4, 2019
The British Parliament passed a bill late yesterday by a 328-301 margin to stop Prime Minister Johnson from engineering a no-deal breakaway from the EU on October 31. BoJo, as he is known, is expected to lose more votes today and to call snap elections for October 14th. It’s not clear the Parliament will authorize […] More
