Central Bank Watch
South African Reserve Bank Tightens
November 22, 2018
The South African Reserve Bank surprised markets with an unexpected 25-basis point increase of the repo rate to 6.75% after their sixth and final planned policy review of 2018. This was the first rate change since a cut of 25 basis points last March. Officials want to head of rising inflation expectations amid inflation stubbornly […] More
New Overnight Developments Abroad - Daily Update
A Stronger Pound on Brexit Hopes
November 22, 2018
The dollar has declined 0.7% against sterling. European Council President Tusk kindled hopes for a Brexit deal, declaring, that a deal “has been agreed at negotiators’ level and agreed in principle at political level.” The British Ftse has fallen 1.0%, and the 10-year British gilt yield climbed four basis points. With the United States celebrating […] More
