Archive for April 24th, 2020

Central Bank Watch

50-Basis Point Central Bank Rate Cut in Russia

April 24, 2020

The Central Bank of Russia engineered its 7th policy interest rate cut since last June. The total decline over this period amounts to 225 basis points. Five of those earlier reductions had been by 25 basis points, and officials at the March monthly policy review had not cut rates further because of concern over ruble […] More

New Overnight Developments Abroad - Daily Update

More Evidence of Deep and Global Economic Downturn

April 24, 2020

Dollar movements on the final day of the week have been comparatively modest and somewhat mixed against other major currencies. The price of West Texas Intermediate crude oil extended its rebound but is currently still down 7.6% since last Friday’s close. Gold is little changed. Further substantial declines of 9-10 basis points have occurred today […] More