Central Bank Watch
Canadian 25-Basis Point Interest Rate Cut As Expected
September 4, 2024
The Bank of Canada’s Governing Council agreed as expected to its third quarter percentage point reduction since June. Consumer price inflation has receded from 8.1% at peak in June 2022 to a 40-month low of 2.5% last month. The central bank interest rate had been lifted by four percentage points in 2022 and another 75 […] More
Central Bank Watch
Chilean Interest Rate Cut
September 4, 2024
The Central Bank of Chile announced its ninth interest rate reduction since July 2023. The latest cut of 25 basis points to 5.5% follows 250 basis points of easing during the first half of this year preceded by 300 basis points of cuts in the second half of 2023. Continuing rate reductions have been made […] More
New Overnight Developments Abroad - Daily Update
Financial Market Risk Aversion Persisting
September 4, 2024
Equity markets slumped today by 4.5% in Taiwan, 4.2% in Japan, 3.2% in South Korea, 1.1% in Singapore and Hong Kong, and 0.7% in China. Major European stock markets are down around 0.5-1.0%, and U.S. futures point to a further decline, led by the tech sector. Nvdia, for instance, shows a pre-market slide of 2.1%. […] More
