Central Bank Watch
Bank of Canada Retains Effective 0.25% Policy Rate Floor and Pledges Continuing Canadian Government Bond Purchases
September 9, 2020
Canada’s overnight interest rates was cut by 50 basis points on three occasions during March to what central bank officials consider an “effective lower bound” of 0.25%. A statement released after this month’s policy review reaffirms the promise to begin raising the short-term interest rate “until economic slack is absorbed so that the 2 percent […] More
New Overnight Developments Abroad - Daily Update
Markets Pausing for Next Big Theme
September 9, 2020
Equities recorded further considerable losses in Pacific Rim trading overnight but have stabilized in Europe. Share prices closed down 1.9% in China, 2.2% in Australia, 1.3% in Indonesia, 1.1% in South Korea and 1.4% in New Zealand. But the Swiss and German markets have rebounded 0.6%, and those in the U.K. and France are up […] More
