Investing.com - Financial Markets Worldwide

All About The Central Banks

ByThe National Bank of Canada
Published 10/26/2015, 01:31 PM
Updated 05/14/2017, 06:45 AM
  • It was the central banks that garnered the most attention last week. On Wednesday the Bank of Canada (BoC) announced that it was maintaining its key interest rate. The BoC also took the opportunity to temper expectations of growth in the Canadian economy in 2016 and 2017.
  • The following day attention turned to the European Central Bank (ECB), which was sounding very accommodative. The President of the ECB, Mario Draghi, mentioned that a review would be conducted of the Bank's quantitative easing program before the end of the year, suggesting that the program may be expanded to provide the European economy the stimulus it needs.
  • Also on Friday the People's Bank of China (PBOC) surprised markets by announcing a cut to its key interest rate. The PBOC also reduced the reserve requirement ratio for the country's banks. This new monetary stimulus may surprise many observers, since the latest indicators of economic growth in China exceeded expectations.

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