October 2015 – Economic Review
Central banks provided a boost to equity markets in October, pushing developed market indices to their best monthly performance in four years.
The People’s Bank of China took steps to boost lending and combat a slowing economy by cutting interest rates and easing banking restrictions. The one-year lending rate was cut 25 bps to a record low 4.35%, and the deposit rate was lowered 25 bps to 1.5%.
In this issue:
- Eurozone Inflation
- Monthly Equity Returns
- MSCI EAFE
- MSCI EMERGING MARKETS
- Market Returns as of October 31, 2015