Federal Reserve’s Hold Rates Steady Amid Market Volatility.

On March 12, 2025, the Bank of Canada reduced its target rate by 25 basis points to 2.75%, in line with market expectations. This marks the seventh consecutive rate cut as the BoC responds to escalating trade tensions and their impact on business investment and consumer sentiment. The BoC noted that while inflation remains stable, uncertainty related to trade tensions has weighed on business investment and consumer confidence, contributing to the decision to lower rates.

On January 29, the Bank of Canada (BoC) and the Federal Reserve (Fed) made their latest interest rate decisions, highlighting a growing divergence in monetary policy between the two central banks.

On January 29, the Bank of Canada (BoC) and the Federal Reserve (Fed) made their latest interest rate decisions, highlighting a growing divergence in monetary policy between the two central banks.

Navigating the Shifting Landscape of Bond Yields and Their Impact on Investments and Loans.

Registered Account Deadlines and Limits

US Federal Rate Announcement

On December 11, the Bank of Canada announced a second consecutive 50-basis-point rate cut, aligning with market expectations.

During our recent visit to Argentina, we engaged with various legal and economic experts to gather insights on the future of the nation's capital controls. Despite differing opinions among these specialists, we identified key events in 2025 that warrant close attention.

The US Federal Reserve announced a second consecutive interest rate cut, reducing the target range by 25 basis points to 4.5% - 4.75%, following a 50 basis point cut in September.

On October 23th, the Bank of Canada announced a 50 basis point rate cut, reducing its target rate from 4.25% to 3.75%. Historically, such significant cuts have been implemented during times of economic crises, like the 2008 financial downturn and the 2020 pandemic, where the central bank sought to stabilize the economy amid severe shocks. Today’s adjustment, however, is a response to recent data indicating a sharper-than-expected slowdown in inflation, aiming to sustain economic momentum in a period of easing policy.

For the first time in over four years, the Federal Reserve has lowered its interest rates, a decision announced by Jerome Powell at the September 18th, 2024 FOMC meeting. The 50-basis-point reduction brings the target range down from 5.25%-5.5% to 4.75%-5%. Powell explained that this adjustment was driven by recent economic data, reflecting the Fed's confidence in the overall health of the U.S. economy.

On September 4th, the Bank of Canada announced its third consecutive interest rate cut, lowering the target rate by 25 basis points to 4.25%.

Since the start of Argentina's new monetary plan, which involves the Central Bank (BCRA) selling dollars from exporters, the FX gap has shrunk from 55% to 42%. Despite this, it hasn't dropped below 40%. The BCRA's strategy has focused on preventing big jumps in the BCS rate rather than aggressively narrowing the gap.

On Friday, August 2, the U.S. Department of Labor released its July unemployment report, revealing an increase in the unemployment rate to 4.3% from 4.1% in June.

On July 24, the Bank of Canada (BoC) announced its second consecutive rate cut, reducing the overnight rate by 25 basis points from 4.75% to 4.5%.

On June 12, the Federal Reserve released an FOMC statement, in which it announced its intention to maintain interest rates within the 5.25% to 5.5% range.

The Blue Chip Swap (BCS) rate has experienced a significant rise from a recent low of 1,070 on May 10 to 1,245 on May 22, marking a 16% jump in just a week and a half.

The Federal Reserve has opted to maintain the Fed Funds rate target range at 5.25% to 5.5%.