Archive for March 4th, 2020

Central Bank Watch

Bank of Canada’s Overnight Interest Rate Cut by 50 Basis Points to 2-Year Low

March 4, 2020

Today’s decision predictably follows the Fed’s easing by a day and represents a trend reversal in interest rates. The last five overnight rate changes in July 2017, September 2017, January 2018, July 2018 and October 2018 were hikes of 25 basis points each, and the last cut happened in the summer of 2015. The new […] More

New Overnight Developments Abroad - Daily Update

Share Prices Rise on Primary Results and Another Active Day on Central Banking Front

March 4, 2020

Share prices have climbed in Europe by at least 1.4% in Germany, Spain, Italy, Switzerland, the U.K. and France. U.S. futures are higher too. The contest to decide the Democratic Party’s presidential nominee has revealed sharp regional, generational, ethnic divisions in the party. Biden won the South including Texas and Midwest; Sanders captured California, Colorado […] More