Scotiabank8d
The FOMC’s Hawkish Cut Slams Risk Appetite
The FOMC took a page from what its northern neighbour did last week and delivered a hawkish 25bps cut. Birds of a feather I ...
Scotiabank13d
Latam Daily: Peru's Reference Rate Remains Unchanged
The board of the Central Bank of Peru (BCRP) kept the local rate unchanged at 5.00%, in line with what was expected by market consensus, the Bloomberg median and our forecast at Scotiabank. Regarding ...
Scotiabank13d
Daily Points
A pretty light session lies ahead. Overnight developments included softer than expected data out of the UK, China and Germany. Scotia got its regulatory approval to up the stake in KeyCorp yesterday ...
Scotiabank14d
Latam Daily: Colombia Consumer Confidence Index; Peru Home Sales Exceed Expectations
The Consumer Confidence Index (CCI) stood at -5.7% in November 2024, decreasing 2.0 ppts compared to October, and increasing 15.2 ppts compared to November 2023 (chart 1). In monthly terms, the result ...
Scotiabank14d
ECB: Third (Expected) 25bps Cut in a Row, and Streak to Continue
The ECB rolled an unsurprising third consecutive 25bps cut to its deposit facility rate to 3.00% at its final meeting of the year with the Governing Council widely agreeing on a move of this magnitude ...
Scotiabank14d
Forecasting Amid High Uncertainty: Scotiabank’s Forecast Tables
Interest rate-sensitive sectors are bolstering the Canadian economy as the easing phase takes hold. Government cheques and GST relief will extend an already evident recovery in consumption, housing, ...
Scotiabank14d
Des prévisions sur fond de vive incertitude : Tableaux des prévisions de la Banque Scotia
Les secteurs sensibles aux taux d’intérêt enhardissent l’économie canadienne à l’heure où s’installe la phase de l’assouplissement monétaire. Les chèques de l’État et le congé de TPS viendront ...
Scotiabank15d
La Banque du Canada abaisse à 3,25 % son taux à un jour
Dans son dernier communiqué pour 2024, la Banque du Canada annonce qu’elle réduit de 50 points de base ses taux d’intérêt, en abaissant à 3,25 % son taux à un jour. C’est la deuxième fois cette année ...
Scotiabank15d
US Core CPI Overstated, Fed To Cut Next Week
Headline and core CPI inflation was 0.31% m/m in November, matching Scotia’s estimate and the median consensus estimate while ...
Scotiabank15d
The BoC Cut 50bps—and Borrowing Costs Moved Up
The BoC delivered another –50bps mega-cut and borrowing costs moved higher. Huh? Allow me to explain why and why I generally welcome the outcome that conforms to earlier stated wishes where I hoped ...
Scotiabank15d
Bank of Canada lowers the overnight rate to 3.25%
In its final announcement of 2024, the Bank of Canada cut interest rates by 50 basis points, bringing the overnight rate down to 3.25%. This was second time this year that BoC reduced rates by 50 ...