Archive for June 11th, 2020

Central Bank Watch

Serbia’s Central Bank Rate Cut 25 Basis points Further

June 11, 2020

The National Bank of Serbia Executive Board reduced its policy interest rate to a 9-year low of 1.25% from 1.50%. This easing follows cuts of 50 basis points in March and 25 bps in April. In a statement, officials believe that April marked the worst month for its economy and cite ” an environment of […] More

Central Bank Watch

National Bank of Ukraine’s Policy Interest Rate Slashed Another 200 Basis points

June 11, 2020

Ukraine’s central bank rate becomes 6.0%, a record low and down from 12.5% at end-2019 and 18.0% prior to April 2019. Officials also narrowed the overnight rate corridor to 200 basis points in width (5-7%). A released statement concedes that sub-target inflation and the length of time that consumption and business investment seem likely to […] More

New Overnight Developments Abroad - Daily Update

Waves of Pessimism Persist on Numerous Fronts

June 11, 2020

The spreading of Covid-19 infections has intensified in several areas including big U.S. states like California, Florida, and Texas. Total U.S. reported cases eclipsed 2 million and at 2.066 million now represent 27.6% of the global total. As forecast by medical experts, reopening businesses has occurred at a clear cost, and this trade-off can be […] More

css.php