Central Bank Watch
Bank of Canada Maintains Overnight Interest Rate Target at 1.75%
January 22, 2020
This month’s meeting of Canadian monetary policymakers coincided with the release of an updated quarterly Monetary Policy Report. The released policy statement announcing that the key interest rate is being kept at 1.75% acknowledges a softer-than-anticipated patch of economic growth in late 2019 due to a number of factors including strikes, inventory adjustments, poor weather […] More
Central Bank Watch
Unexpected Central Bank Rate Cut in Malaysia
January 22, 2020
Bank Negara Malaysia became the third major central bank within a week to cut its key interest rate following moves last Thursday by the South African Reserve Bank and the Central Bank of the Republic of Turkey. BNM’s key interest rate was cut 25 basis points to 2.75%, its lowest level in almost nine years. […] More
New Overnight Developments Abroad - Daily Update
Stronger Pound and a Central Bank Rate Cut in Malaysia
January 22, 2020
The dollar declined 0.7% against sterling but is narrowly mixed against other major currencies today. Stronger-than-expected British labor statistics released yesterday seemingly reduce the likelihood of further monetary stimulus by the Bank of England. Today’s batch of U.K. economic data releases produced a 5-month high in the orders component of the monthly CBI industrial trends […] More
