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Highlights of the Bank of Canada interest rate decision: * Repeats exact language on current stimulus being appropriate * Key line remains: ‘Over time, as the normalization of these conditions unfolds, a gradual normalization of policy interest rates can also be expected’* Housing sector slightly strongter thanexpected* Looking through the data, GDP is largely consistent with forecast* Output gap to begin to narrow in 2014* Global economy continues to expand broadly as expected but its dynamic …
annatimone's Blog
Australian Dollar - might not be a bad idea after all
Is Now the Time to Invest in the Australian Dollar? Following the financial crisis, the Australian dollar outperformed the major currencies. This situation occurred mainly because of demand from Australia’s largest trading partner China, Australia’s then booming mining industry, and relatively stable interest rates. However, this year, the Australian dollar recently hit a three year low after dropping a dramatic 15 percent since the start of this year. Australian Interest Rates Decrease In…
What do you think about Brazil?
Happy Monday!.. I thought I would start Monday with a puzzling question. Any thoughts about Brazil? Brazil raised key interest rate a half-point to 8.5 pct. Do you think it’s good or bad for Brazil? I think it will slow down Brazilian economy, because raising interest rates will slow down exports. The higher costs of living for some or, more precisely, higher cost survival for most is unavoidable. Especially, small businesses will feel the impact and suffer tremendously. Politica…