Archive for April 15th, 2020

Central Bank Watch

Bank of Canada Augments Unconventional Stimulus and Releases Quarterly Monetary Policy Report

April 15, 2020

During March, the Bank of Canada cut its interest rate target by 50 basis points each on three occasions — the 4th, 13th, and 29th of the month — and declared after the last reduction that the 0.25% overnight rate level constitutes an “effective lower bound.” At today’s scheduled policy review, officials called the Canadian […] More

New Overnight Developments Abroad - Daily Update

Pessimism Gaining Upper Hand in Financial Marketplace

April 15, 2020

Projected contractions in real GDP this year embodied in the IMF’s World Economic Outlook would make this the weakest calendar year economic performance since the early 1930s. The Washington-based group foresees activity falling by 3.0% in the world, 5.9% in the United States, 7.5% in Euroland, 6.5% in the U.K., 6.2% in Canada, and 5.2% […] More