Global growth continues to drive markets, and Japan is no exception. “Against all odds, the [Japanese] economy is surprising on the upside,” says CIBC deputy chief economist Benjamin Tal in a weekly economics report. “Against the odds,” he says, because Japan has an aging population. Read: Looking at real estate? Go global However, an influx […]
The Bank of Canada (BoC) is maintaining rates for now, but not everyone is supportive of the cautious stance. For example, David Dodge, former BoC governor, tells Bloomberg that raising rates is the wise thing to do, considering the economy is close to capacity. Further, low rates encourage excessive borrowing by households and businesses — […]
This week, the Bank of Canada held fast to its 1% benchmark rate. In a report, Desjardins economists describe the historically low rate as “reflective of highly expansionary monetary policy.” They thus expect normalization of rates in the coming quarters, albeit at a gradual pace. “A third increase could be announced either in December or, […]
Diverging monetary policies could result in interest rate differentials
“There is no predetermined path for interest rates from here.” That remark came from Bank of Canada Governor Stephen Poloz in a speech today that highlighted the central bank’s plan to carefully monitor economic indicators to decide on the direction of monetary policy. While growth in the second quarter far exceeded expectations, and showed the […]
Low inflation shouldn't be ignored, says economist's report
Monitor interest rate news only so you can manage your portfolio
Two levels of analysis for monetary policy in emerging markets
Discussion of central banks and how to approach bonds