Central Bank Watch
November 3, 2026
The Reserve Bank of Australia‘s official cash rate hike of 25 basis points to 4.85% is the fifth such increase since this year’s first policy review in February, and the new rate level is at its highest level since the first week of December 2008. CPI inflation pringed at a 6-month high in September, well […] More
Tags: Central Bank of Armenia, Reserve Bank of Australia
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New Overnight Developments Abroad - Daily Update
November 3, 2026
The never-ending U.S. midterm election campaign finally comes to a close today, or does it? Speculation is rampant that the Trump administration will treat the outcome as a heads-I-win-tails-you-lose matter. If the coin lands heads up as in 2016 and 2024 they outperform poll predictions and in this case preserve control of the senate, victory […] More
Tags: Central Bank of Armenia, Reserve Bank of Australia, Turkish CPI and PPI
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New Overnight Developments Abroad - Daily Update
November 2, 2026
(115) Markets today have been dominated by a sizable drop in oil prices inspired by continuing back-channel talks to seal a peace deal that would prevent a new escalation of military conflict in Iran. Both Brent ($108.78 per barrel) and West Texas Intermediate ($99.58) are a bit more than 4.0% below pre-weekend closing levels. A […] More
Tags: manufacturing PMI surveys October 2026
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Central Bank Watch
October 30, 2026
The Bank of Japan’s short term interest rate was left at 1.25%, but officials came the closest yet to a mission accomplished, declaring “the year-on-year rate of increase in the consumer price index (CPI, all items less fresh food) is likely to accelerate to a level clearly above 2 percent.” The rate decision drew a single […] More
Tags: Bank of Japan
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New Overnight Developments Abroad - Daily Update
October 30, 2026
The last business day of October is full of eye-catching headlines. Intel’s share price has plunged 26%. Prices for West Texas Intermediate crude oil ($103.42 per barrel) and Brent crude ($117.14) are each around 2% higher. The Bank of Japan’s short term interest rate was left at 1.25%, but officials came the closest yet to […] More
Tags: Bank of Japan, Euroland GDP and unemployment, U.S. employment cost index
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Central Bank Watch
October 29, 2026
A scheduled policy review was conducted today in Ukraine, an economy hit by the double-whammy of brutal and constant bombardment from Russia and the high elevation of energy prices that all countries are feeling. Officials at the National Bank of Ukraine had raised their discount rate twice before by half a percentage point each recently […] More
Tags: National Bank of Ukraine
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Uncategorized
October 29, 2026
All things considered, financial market reactions to today’s heavy flow of information have been subdued. The dollar is 0.1% above Wednesday closing levels against the euro and yen and unchanged relative to the Canadian dollar and sterling. After plunging sharply at first following the inconclusive Israeli election result, the shekel has recovered and showing scant […] More
Tags: European Central Bank, National Bank of Ukraine, U.S. GDP and PCE price deflator
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Central Bank Watch
October 28, 2026
The two-day FOMC statement ended with an as-expected decision to leave the federal funds target range unchanged at 3.75-4.00%. Unlike the unanimous 12-0 vote at the previous policy review in mid-September, today’s 10-2 decision included dissenting votes from Governor Lisa Cook and Cleveland Fed District President Beth Hammack. Cook has been the target of President […] More
Tags: FOMC statement and Warsh press conference
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Central Bank Watch
October 28, 2026
The Federal Open Market Committee can justify the widely expected decision of leaving the Fed funds target unchanged at 3.75-4.00% on the economic grounds that only six weeks have passed since the rate was increased in mid-September, considerably more information will be gleaned by the December review, and the fact that inflation according to the […] More
Tags: FOMC preview
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Central Bank Watch
October 28, 2026
The Bank of Canada updates macroeconomic forecasts in July, October, January and April. Given the sizable full percentage point increase in projected consumer price inflation in 2027 from 2.0% assumed at the July update to 3.0% this time, today’s 25-basis point interest rate hike to 2.5% looks like only the start of a tightening cycle. […] More
Tags: Bank of Canada interest rate hike
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