Archive for April 9th, 2020

Central Bank Watch

Rate Cut in Serbia

April 9, 2020

The National Bank of Serbia’s policy rate was sliced by 25 basis points today to 1.5%. Previous cuts were engineered of 50 basis points in March and 25 bps each in July, August and  November of 2019. “Indicators from the international environment signal that the negative effects of the virus on global economic growth are […] More

New Overnight Developments Abroad - Daily Update

Improved Prospects for an Oil Production Agreement Sends Price Higher

April 9, 2020

West Texas Intermediate crude oil rose 3.9%. Optimism is growing that Saudi Arabia and Russia will end their dispute over production cuts. Elsewhere among commodities, the price of gold advanced 1.5% overnight and is above $1,700 per ounce. Markets are gliding into the long Good Friday/Easter holiday. Mexico, New Zealand and Norway were shut this […] More

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