Central Bank Watch
South Africa’s Fourth Central Bank Rate Cut since January
May 21, 2020
The South African Reserve Bank repo rate was lowered 50 basis points to 3.75% following a 3-2 vote, with dissents favoring only a 25-basis point reduction. Today’s easing brings to 275 bps the total rate reduction since mid-January. In a released statement, the Monetary Policy Committee anticipates two cuts of 25 basis points each in […] More
Central Bank Watch
Turkey’s Fifth Interest Rate Cut of 2020
May 21, 2020
The Central Bank of Turkey‘s one-week repo rate was cut 50 basis points further to 8.25% today in a move that had been expected and that brings the total decline so far this year to 375 basis points. The new rate level of 8.25% compares to an end-2019 level of 12.0%. Officials released a statement […] More
New Overnight Developments Abroad - Daily Update
Equities, Sovereign Debt Yields, and Gold Down
May 21, 2020
The see-sawing pattern of stock markets from day to day continued on Thursday. After Wednesday’s advances, share prices are presently down today by 1.3% in Germany, 0.9% in France, 0.6% in the U.K., and 0.5% in Italy. Markets closed down 0.6% in China and New Zealand, 0.5% in Hong Kong and 0.2% in Japan, and […] More
