Bank of Canada holds interest rate steady at 1.75%
— Read on www.msn.com/en-ca/money/topstories/bank-of-canada-holds-interest-rate-steady-at-175percent/ar-AAE8bZv
Tag: Interest Rates
When the Fed cuts rates without a recession, stocks always go higher
Rate cuts can be a great thing for the stock market, or a sign of trouble ahead — depending on the timing.
— Read on www.cnbc.com/2019/07/10/when-the-fed-cuts-rates-without-a-recession-stocks-go-higher-100percent-of-the-time.html
Poloz Flags Growing Trade Risks With Canada Rates Firmly on Hold – Bloomberg
Bank of Canada officials flagged elevated concerns about mounting global trade tensions, even as they left interest rates unchanged for a sixth straight decision and showed little willingness to consider easing policy any time soon.
— Read on www.bloomberg.com/news/articles/2019-07-10/poloz-puts-canadian-rates-firmly-on-hold-amid-global-trade-risks
Jerome Powell Hearing: Federal Reserve Chair Open to a Rate Cut – Bloomberg
The Federal Reserve is preparing to cut interest rates for the first time in a decade because it sees a cooling global economy and no sign of overheating in the jobs market at home.
— Read on www.bloomberg.com/news/articles/2019-07-10/powell-signals-openness-to-rate-cut-as-uncertainty-dims-outlook
This could be the time for retirees to lock in an interest rate for their cash – MarketWatch
Bad news: Banks are cutting yields on savings accounts and CDs.
— Read on www.marketwatch.com/story/bad-news-banks-are-cutting-yields-on-savings-accounts-and-cds-2019-07-03
Australia’s central bank cuts key interest rate 0.25% to 1%
Australia’s central bank cut its benchmark interest rate by a quarter of a percentage point on Tuesday to a record low of 1% in a bid to boost the economy. Previously the Reserve Bank of Australia had not shifted the rate in almost three years. “This easing of monetary policy will support
— Read on ca.finance.yahoo.com/news/australian-central-bank-cuts-key-043549258.html
Italy Joins Sub-Zero Club as Rally in Two-Year Bonds Accelerates
(Bloomberg) — Italian bonds rallied to send two-year yields below 0% for the first time in over a year, in another sign of growing investor confidence in the nation’s outlook.Europe’s bonds have surged over the past couple of months amid a global hunt for returns spurred by slowing inflation and the
— Read on ca.finance.yahoo.com/news/italy-joins-sub-zero-club-075332149.html
Yield curve rapid steepening may be sending recession signal
For recession-wary investors, the bond market might be sending another doomsday signal after the yield curve inversion.
— Read on www.cnbc.com/2019/06/27/yield-curve-rapid-steepening-may-be-sending-recession-signal.html
Loonie could hit 80 cents US before Bank of Canada crashes the party | Financial Post
‘… an exercise to discover the Bank of Canada’s pain threshold’
— Read on business.financialpost.com/investing/loonie-could-hit-us0-80-before-bank-of-canada-crashes-the-party
Draghi Tests Legal Limits Again With Claim of QE Flexibility
(Bloomberg) — Mario Draghi is once again testing the boundaries of the law in his efforts to lift the euro zone out of its economic malaise.When the European Central Bank president promised last week to add monetary stimulus if the outlook doesn’t improve, he said one option is to resume large-scale
— Read on ca.finance.yahoo.com/news/draghi-tests-legal-limits-again-040010089.html