Deeper Analysis
Bear Market Facts
March 12, 2020
As certainly as day follows night, the onset of a bear market will elicit advice from your financial adviser not to panic because equities always prove to be lucrative in the long run. All one needs is a well-balanced portfolio and some patience to wait out the market hysteria. Much of the time, the reassurance […] More
Central Bank Watch
National Bank of Ukraine Cuts Key Interest Rate from 11% to 10.0%
March 12, 2020
For the seventh straight scheduled policy meeting, Ukraine’s key central bank policy rate has been cut. This string of reductions began eleven months ago from a high of 18%, and today’s was the second move of 2020 following a reduction of 150 basis points done at the end of January. A statement released by the […] More
Central Bank Watch
Takeaways from ECB Actions and Press Conference
March 12, 2020
The European Central Bank’s second scheduled Governing Council meeting of 2020 produced an interest rate surprise. Despite strongly expected cuts, the marginal lending facility rate of 0.25%, refinancing rate of zero percent, and overnight deposit facility rate of -0.50% were each left unchanged. The last deposit rate cut was made in September 2019, and the […] More
Central Bank Watch
Central Bank Rate Cut of 50 Basis Points in Serbia
March 12, 2020
The National Bank of Serbia’s key policy rate was cut 50 basis points to 1.75% earlier today. A statement from the central bank’s Executive Board justifies the reduction as a “timely and adequate response to heightened uncertainty in the international environment triggered by the spread of Covid-19” and observes that several influential central banks like […] More
New Overnight Developments Abroad - Daily Update
Worst Day Yet
March 12, 2020
Ironically on the one-month anniversary of the DJIA record high close, financial markets have experienced a calamitous session, and the catalyst for intensifying chaos was President Trump’s prime-time speech last night on the coronavirus pandemic. The tally of global cases stands now at 129,296 with 4,749 dead so far. Equity markets fell today by 11.7% […] More
