The Federal Open Market Committee released a statement following its two-day meeting that concluded Wednesday.
— Read on www.cnbc.com/2020/07/29/fed-meeting-decision-interest-rates.html
Tag: Interest Rates
Bank of Canada Signals No Rate Hikes Until at Least 2023 – Bloomberg
The Bank of Canada pledged for the first time to keep interest rates at historically low levels for years to come to help spur the nation’s economic recovery.
— Read on www.bloomberg.com/news/articles/2020-07-15/bank-of-canada-to-keep-0-25-rate-until-inflation-target-hit
Russia cuts interest rates to a post-Soviet Union low
The Central Bank of Russia has cut interest rates by 100 basis points to 4.5%, their lowest level since the fall of the Soviet Union.
— Read on www.cnbc.com/2020/06/19/russia-cuts-interest-rates-to-a-post-soviet-union-low.html
Negative interest rates: What they are, how they work and whether they are coming to the U.S.
Negative interest rates, in the unlikely event that they become pervasive, would drastically alter the playing field for savers as well as borrowers.
— Read on finance.yahoo.com/news/negative-interest-rates-whether-coming-110012926.html
There are risks to liquidity from rock-bottom rates
This causes weird things to happen in credit markets: a store where the products cost nothing, or almost nothing, is unlikely to function like a normal store. This is most visible in money market funds, the vast cash-like investment pools that investors treat as a higher-yielding alternative to bank deposits. To recap recent events: as the seriousness of Covid-19 became clear, there was a rush out of “prime” money market funds, which invest in corporate debt, to the safety of government funds — which were already receiving heavy inflows as investors got out of still riskier assets.
— Read on finance.yahoo.com/m/822acb4b-c5df-36a7-bc5d-cff319933193/there-are-risks-to-liquidity.html
Fed’s Near-Zero Rates to Last into 2023, Economists Predict
(Bloomberg) — The Federal Reserve may hold interest rates near zero for three or more years, and its balance sheet will soar above $10 trillion as policymakers seek to revive the U.S. economy from recession, economists said in a Bloomberg survey.Just over half the 31 respondents to an April 20-23 poll
— Read on ca.finance.yahoo.com/news/fed-near-zero-rates-last-110000931.html
Russia cuts key interest rate as coronavirus and oil price plunge take hold
The Bank of Russia on Friday cut its key interest rate by 50 basis points to 5.5%.
— Read on www.cnbc.com/2020/04/24/russia-cuts-key-interest-rate-as-coronavirus-and-oil-price-plunge-take-hold.html
Bank of Canada cuts key rate to 0.25% as virus, oil fallout deepens – BNN Bloomberg
Bank of Canada cuts key rate to 0.25% as virus, oil fallout deepens – BNN Bloomberg
— Read on www.bnnbloomberg.ca/bank-of-canada-cuts-key-rate-to-0-25-as-virus-oil-fallout-deepens-1.1413338
Week of Central Bank Superlatives Sees 39 Rate Cuts Globally
(Bloomberg) — It began with 75 basis points from the Reserve Bank of New Zealand ended with 50 from the central bank of Mexico.This week has seen an unprecedented 39 interest rate cuts globally, with monetary-policy heavyweights like the Federal Reserve and the Bank of England to more peripheral central
— Read on ca.finance.yahoo.com/news/week-central-bank-superlatives-sees-092639712.html
Chart: The Downward Spiral in Interest Rates Globally
As interest rates continue their historic spiral downwards, the world’s central banks are running out of conventional tools to settle markets.
— Read on www.visualcapitalist.com/chart-the-downward-spiral-in-interest-rates/