Central Bank Watch
ECB Augments Existing Programs but Doesn’t Introduce New Ones
December 10, 2020
In a variety of ways, the central bank governing council expanded and in some cases extended the duration of non-interest rate monetary stimulus programs in order to preserve functional and accommodative financial conditions, promote economic recovery, and foster steady progress toward restoring the medium-term consumer price target which is a level “sufficiently close to, but […] More
Central Bank Watch
Serbian Interest Rate Cut
December 10, 2020
The Executive Board of the National Bank of Serbia cut its interest rate by 25 basis points to 1.0% in a move that had not been anticipated by analysts. This brings the total reduction this year to 125 bps following cuts of 50 basis points last March and 25 bps cuts in April and June. […] More
New Overnight Developments Abroad - Daily Update
No Deals and Many More Covid Cases… Also Several Central Bank Meetings
December 10, 2020
Talks last night between British Prime Minister Johnson and EU Commission President Von Der Leyden failed to achieve a trade deal. The U.S. senate grinch, Mitch McConnell, put the brakes on efforts to nail down a fiscal stimulus. U.S. Covid deaths yesterday nudged above 3k, and that pace has accelerated to 3,340 over the last […] More
