Archive for March 2nd, 2022

Central Bank Watch

Overnight Canadian Policy Interest Rate Undergoes First Post-Pandemic Hike

March 2, 2022

A trio of 50-basis point rate cuts in March 2020 had lowered the overnight rate to an effective low of 0.25%. From April 2020 through the end of October 2021, monetary easing was supplemented by a program of bond purchases, and maturing bonds have until now continued to be reinvested. As widely expected, the policy […] More

New Overnight Developments Abroad - Daily Update

Watching Developments in Ukraine and Awaiting Round One of Fed Chairman Powell’s Semi-Annual Humphrey-Hawkins Testimony

March 2, 2022

The high point of last night’s U.S. State of the Union address were the inspiring remarks about Russia’s invasion of Ukraine and challenge such poses to democracy around the world. On domestic policy issues, President Biden took a deconstructed approach to the bundled package that failed to pass congress, and he cited several broad issues […] More