Central Bank Watch
Mexico’s Fifth Central Bank Rate Cut Since Last August
February 13, 2020
The Governing Board of the Mexico has just reduced its overnight interbank interest rate to a 3-year low of 7.0% from 7.25%. Four prior cuts in 2019 were made in August, September, November and December — each by 25 basis points as well. That reverses half of 250 basis points of tightening in 2017-2018. A […] More
New Overnight Developments Abroad - Daily Update
Coronavirus Takes Turn for the Worse, and British Cabinet Reshuffled Significantly
February 13, 2020
Thursday has been a difficult day in world financial markets, absorbing the news of an exponential increase in suspected coronavirus cases, as well as the unexpected quitting of British Chancellor of the Exchequer Javid and departure of several other members of Prime Minister Johnson’s cabinet. Share prices tumbled 1.6% in Great Britain, 1.2% in Spain, […] More
