Central Bank of Uzbekistan
Continuing Focus Upon Inflation Data
March 14, 2024
Several price data were released this Thursday even before the highly awaited U.S. PPI report. The monthly increase of Spanish consumer prices in February got revised higher to 0.4% from 0.3% reported initially, by year-on-year CPI inflation remained unchanged at a 6-month low of 2.8%. Spanish inflation peaked in July 2022 at 10.8%. Irish CPI […] More
Central Banks and U.S. Data Setting the Tone
September 14, 2023
The European Central Bank will announce its interest rate decision and revised macroeconomic forecasts within the hour. Expectations are narrowly divided between a rate hike to counter inflation and leaving policy unchanged in light of recessionary conditions and monetary restraint in the pipeline. Growth and inflation projections are apt to be respectively upward and downward. […] More
Awaiting European Central Bank’s Decision Amid Fast Evolving Banking Crisis
March 16, 2023
America’s banking crisis jumped the Atlantic to Credit Suisse on Wednesday, sending Pacific Rim stock markets down today by 1.1% in China, Australia, and China. Hong Kong’s Hang Seng index fell 1.7%, and the Japanese Nikkei fell 0.8%. But news today of Credit Suisse accepting a $54 billion loan from the Swiss National Bank has […] More
Slackening Demand and Confidence But Persistently Red-Hot Inflation as Several Central Banks Unveil Latest Policy Decisions
July 21, 2022
The dollar was already lower when the European Central Bank announced a more aggressive rate hike than implied in previous forward guidance. That move pushed the dollar down further such that it currently shows net overnight drops of 0.9% against the euro and 0.6% against the DXY weighted index. By comparison, the dollar is little […] More
European Consumer Confidence Taking a Hit from Putin’s War
April 21, 2022
Irish consumer sentiment sunk 9.3 index points in April to an 18-month low on top of a 10-point slide in March. At 57.7, the index has fallen from 86.8 a half year earlier. Danish consumer confidence printed at a 403-month low of minus 20.9 in April versus readings of -14.4 in March, -3.2 in February […] More
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
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
Pessimism Gaining Upper Hand in Financial Marketplace
April 15, 2020
Projected contractions in real GDP this year embodied in the IMF’s World Economic Outlook would make this the weakest calendar year economic performance since the early 1930s. The Washington-based group foresees activity falling by 3.0% in the world, 5.9% in the United States, 7.5% in Euroland, 6.5% in the U.K., 6.2% in Canada, and 5.2% […] More
