Archive for May 14th, 2020

Central Bank Watch

Bank of Mexico’s Fourth Straight Rate Cut …and More Likely in Future

May 14, 2020

The first overnight rate cut of 25 basis points done in February has been followed by 50-basis point moves in March, April and now May. Today’s action was larger than some analysts anticipated but decided by a unanimous 5-0 vote. The key rate’s new level of 5.5% represents a 3-1/2 year low and a total […] More

New Overnight Developments Abroad - Daily Update

Stock Markets Around the World Battered Further

May 14, 2020

Hope has dissipated that the pandemic will be contained soon. Global cases surpassed 4.45 million, and the death toll is approaching 300,000. Social distancing is expected to be necessary to some extent at least through the end of the year, and world economic activity as a result will struggle to regain upward momentum. Risk aversion […] More