Central Bank Watch
South Korean Central Bank Rate Cut after Big Downward Growth Forecast Revision
May 28, 2020
Another central bank interest rate cut was announced today, this time by the Bank of Korea, where by a unanimous decision the 7-day repo rate was lowered 25 basis points to 0.50%. This was the second cut of 2020 following a 50-basis point reduction back in March. The 0.50% level represents what officials have considered […] More
New Overnight Developments Abroad - Daily Update
U.S.-Sino Tensions Mount but Dollar Steady and Equities Mostly Higher
May 28, 2020
The Chinese National People’s Congress passed the proposed Hong Kong security bill, disregarding President Trump’s warnings against doing that. Secretary State Pompeo said America will no longer consider the former British colony as autonomous, and the Trump Administration is mulling a range of sanctions against Beijing and had its call for a special UN Security […] More
