Central Bank Watch
Serbia’s Central Bank Rate Cut 25 Basis points Further
June 11, 2020
The National Bank of Serbia Executive Board reduced its policy interest rate to a 9-year low of 1.25% from 1.50%. This easing follows cuts of 50 basis points in March and 25 bps in April. In a statement, officials believe that April marked the worst month for its economy and cite ” an environment of […] More
Central Bank Watch
National Bank of Ukraine’s Policy Interest Rate Slashed Another 200 Basis points
June 11, 2020
Ukraine’s central bank rate becomes 6.0%, a record low and down from 12.5% at end-2019 and 18.0% prior to April 2019. Officials also narrowed the overnight rate corridor to 200 basis points in width (5-7%). A released statement concedes that sub-target inflation and the length of time that consumption and business investment seem likely to […] More
New Overnight Developments Abroad - Daily Update
Waves of Pessimism Persist on Numerous Fronts
June 11, 2020
The spreading of Covid-19 infections has intensified in several areas including big U.S. states like California, Florida, and Texas. Total U.S. reported cases eclipsed 2 million and at 2.066 million now represent 27.6% of the global total. As forecast by medical experts, reopening businesses has occurred at a clear cost, and this trade-off can be […] More
