Central Bank Watch
July 29, 2026
It’s almost certainly only a matter of time before the federal funds targeted interest rate is increased to counter above-target inflation and the growing risk of a rise in medium-term expected inflation. Seven and a half months have passed since the cut announced on December 10 put the target at 3.50-3.75%. Compared to then, monthly […] More
Tags: FOMC meeting
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New Overnight Developments Abroad - Daily Update
July 28, 2026
Tuesday’s headlines include a 6.8 earthquake in Japan’s southernmost island around 6:30 GMT (16:30 local time), continuing selling pressure on chipmakers and other AI-related stocks, differing narratives concerning resumed diplomatic efforts to end the Iran war, and the start of the two-day FOMC meeting. Nasdaq futures are 0.8% lower in contrast to a 0.7% pre-open […] More
Tags: National Bank of Kyrgyzstan, U.S. trade deficit and house prices
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Central Bank Watch
July 27, 2026
In Singapore where interest rate policy is subordinated to exchange rate management, an unexpected further tightening of monetary policy was announced today. This was the second such adjustment in a row by the Monetary Authority of Singapore, which reviews policy only on quarterly basis. As in April, the upward slope of the targeted effective Singapore […] More
Tags: Monetary Authority of Singapore
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New Overnight Developments Abroad - Daily Update
July 27, 2026
(129) As is often the case, President Trump chose a weekend when news cycles are less responsive for another twist in his Iran war strategy. U.S. air strikes were suspended, and Iran in kind did the same in its campaign against U.S. military targets in the region. In knee-jerk fashion, oil prices plunged 6.8% to […] More
Tags: German business climate index, Japanese corporate service prices, Monetary Authority of Singapore, State Bank of Pakistan
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Central Bank Watch
July 24, 2026
As expected, the Central Bank of Russia policy interest rate was sliced by another 25 basis points to 14.0% at today’s scheduled review. The rate has altogether been lowered so far this year by 200 basis points on top of the 500-bp reduction engineered in the last seven months of 2025. Officials released an explanation […] More
Tags: Central Bank of Russia, National Bank of Kazakhstan
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New Overnight Developments Abroad - Daily Update
July 24, 2026
Resumed active conflict raged into a 13th day in the Middle East as Iran targeted U.S. military installations in the Gulf region. Scant traffic is getting through either the Strait of Hormuz or the Bab el-Mandeb Strait. On a separate front of mischief, plan B of President Trump’s tariff offensive was launched, imposing a 10-12.5% […] More
Tags: British and German consumer confidence, Central Bank of Russia, July preliminary purchasing managers surveys, National Bank of Kazakhstan
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New Overnight Developments Abroad - Daily Update
July 23, 2026
The price of West Texas Intermediate crude oil catapulted around 5% higher overnight and is presently a bit above $91.0 per barrel.The price had fallen previously as low as $68.58 on the first day of this month. Iran and U.S. forces traded shots for a twelfth straight day, but today’s big development in that war […] More
Tags: Central Bank of Turkey, European Central Bank, Houthis, South African Reserve Bank, U.S. new jobless insurance claims
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New Overnight Developments Abroad - Daily Update
July 22, 2026
The Trump Administration has no inclination to resume talks so long as the Houthi threat to halt traffic out of the Red Sea remains. Resumed military conflict has now stretched to 11 days, and this geopolitical purgatory is getting mimicked by oscillating financial market movements from one day to the next. The lurches haven’t necessarily […] More
Tags: Bank Indonesia, British CPI and PPI, Central Bank of Sri Lanka
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Central Bank Watch
July 21, 2026
The National Bank of Hungary’s key interest rate today underwent its second 25-basis point reduction in a row. The decision, albeit not without some risk, was the expected one and accompanied by hint of yet another cut in August. The argument for monetary easing is that Hungarian consumer price inflation slowed further in June to […] More
Tags: Magyar Nemzeti Bank
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New Overnight Developments Abroad - Daily Update
July 21, 2026
Iran and the United States traded military strikes for a tenth straight day even as lagged economic data underscore the economic benefits of the last ceasefire. Meanwhile, market participants wonder how much longer central banks will wait while the war remains unresolved. The current price of West Texas Intermediate crude oil, $84.60 per barrel, represents […] More
Tags: British labor market statistics, German and Euroland ZEW expectations, National Bank of Hungary
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