Central Banks

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The Bank of Canada held its key lending rate at 1.75 percent on Wednesday as expected. The BoC said rate hikes depend on oil and housing outlooks evolve, taking out the explicit hiking tone.

The Reserve Bank of Australia (RBA) as expected kept interest rates on hold at the historic low of 1.5 per cent for the 30th consecutive meeting in February. Household consumption remains a source of uncertainty. Low rates seen supporting economy.

ECB interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged. Rates to be unchanged Through Summer 2019. 

The Bank of Canada held its key lending rate at 1.75 percent on Wednesday as expected. The BoC said drop in oil prices having a 'material' effect on outlook adding pace of BOC hikes depends on oil and housing outlooks evolve

Federal Reserve Chairman Jerome Powell spoke in a moderated roundtable discussion at the American Economics Association meeting in Atlanta with predecessors Janet Yellen and Ben Bernanke in a decidely more dovish rhetoric and risk aware tone.

The Federal Reserve as expected raised rates to 2.15 -.50% as expected after a two day meeting on Wednesday with Jerome Powell as Chairman. Markets had priced in a 75% chance of a 25bp hike. 

ECB interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged. Reiterates QE ends in this month.

The Federal Reserve released it's Biege Book Wednesday with the focus on wages and labor markets. The labor market tightened further while tariffs remain a concern as they spread more broadly.

The Bank of Canada held its key lending rate at 1.75 percent on Wednesday as expected. The BoC watching impact of tighter mortgage rules on builders and buyers, and sharply lower oil prices.

A hawkish New York Fed President John Williams said the Fed has reached its objectives as well as it ever has and that the US economy was on track to be the longest expansion ever.

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