Brazil Copom: Convergence of inflation pushed forward

Oct 21, 2015 23:18 pm UTC| Commentary Central Banks

The Copom decided this evening to keep the Selic interest rate at 14.25%, unanimously, given the macroeconomic outlook, inflation perspectives, and the current balance of risks. There are two differences in the...

Bank of Canada left its policy rate on hold at 0.5%

Oct 21, 2015 20:30 pm UTC| Commentary Central Banks

The Bank of Canada decided to hold its overnight lending rate steady today at 0.5%, as widely expected. Many were expecting the Bank to sound slightly more upbeat (or at least less downbeat) on the outlook, and that was...

Central banks set the direction in 2016

Oct 21, 2015 18:02 pm UTC| Commentary Central Banks

Global central banks continue to set the direction for global fixed income markets. The big unknown is still if, and when, the Fed will initiate its long-awaited hiking cycle after the Fed funds rate has been at 0.25%...

Canadian interest rates have bottomed and housing has peaked

Oct 21, 2015 17:34 pm UTC| Commentary Central Banks

It is no surprise to anyone that the Bank of Canada maintained its target overnight rate at 1/2 percent today, judging that the underlying trend in inflation continues to be about 1.5 to 1.7 percent. Even before the...

The Bank of Canada downgrades its outlook for economic growth in Canada, but leaves interest rates unchanged

Oct 21, 2015 15:38 pm UTC| Commentary Central Banks

The Bank of Canada left its key policy rate unchanged at 0.50% today. The Bank judges the current level of the overnight rate to be appropriate, but maintained a cautious tone in its outlook, acknowledging global risks and...

RBI's another rate cut of 25bps likely in H1 16

Oct 21, 2015 08:55 am UTC| Commentary Central Banks

Government of Indias pro-active food price management, persistent idle manufacturing capacity leading to weak pricing power, fresh leg down in commodity prices globally in Q3 2015, and relatively stable INR seem to be...

Russian Central bank increases its gold reserves by 34 tons in September

Oct 21, 2015 08:11 am UTC| Commentary Central Banks

This morning sees gold trading at around $1,175 at the 200-day moving average. The Russian central bank continued to top up its gold reserves in September. According to figures on its website, it purchased 1.1 million...