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Daily Archives: December 5, 2019
Funding crunch in short-term lending raises alarm
A repurchase agreement (repo) is a crucial form of short-term borrowing for dealers in government securities where they sell or swap government tbills on an overnight basis in exchange for cash and buy or swap them back the following day. … Continue reading
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Bank of Canada stuck in low-rate catch 22
Yesterday, as expected, the Bank of Canada left its policy rate unchanged at 1.75% for the ninth consecutive meeting, even though other central banks have implemented dozens of rate cuts and liquidity injections over the last year in many countries. … Continue reading
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