Archive for September 10th, 2020

Central Bank Watch

ECB Left Policy Settings Unchanged But Risks Tilted to the Downside

September 10, 2020

The deposit, refinancing and marginal lending facility interest rates of the European Central Bank have been left at -0.5%, 0.0%, and 0.25%. It’s been a year since the deposit rate was reduced 10 basis points more deeply into the red. The Governing Council led by Christine Lagarde also retained all of its quantitative policy settings […] More

Central Bank Watch

Central Bank Rate Cut in Uzbekistan

September 10, 2020

Officials at the Central Bank of Uzbekistan cut their refinancing rate by a full percentage point to 14.0%. Previously this year, the rate had also been reduced by 100 basis points in April. Inflation subsided in August to 11.7%, confirming the bank’s belief that such would fall and permitting today’s interest rate cut. Copyright 2020, […] More

New Overnight Developments Abroad - Daily Update

Wednesday’s Bounce in U.S. Equities Appears Shortlived

September 10, 2020

Risk aversion is back in vogue. Share prices overnight plunged 5.0% in Indonesia and fell by 0.6% in Hong Kong and China. While India and Japan saw advances, stocks in Europe are down 0.6% in the U.K., 0.5% in Switzerland, and 0.2% in France. U.S. futures are also lower. The price of WTI oil fell […] More

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