Archive for September 22nd, 2020

Central Bank Watch

Swedish 7-Day Repo Rate Held at 0.00%

September 22, 2020

A statement released by the Swedish Riksbank after officials voted to leave the 7-day repo rate unchanged at zero percent proclaimed, “The Swedish economy has now begun to recover after having fallen sharply in the spring. But the way back is long and fraught with uncertainty. To provide support to economic developments and help inflation […] More

New Overnight Developments Abroad - Daily Update

Rising Covid Cases, Growth Outlook Concerns, Supreme Court Nomination Fight, and U.S.-China Tensions

September 22, 2020

The pace of new Covid-19 cases has risen in many countries. A U.S. increase above 40k in the past 24 hours is well above a safe level heading into the flu season. Fed Chairman Powell said America has a long way to go in its economic recovery from spring lockdowns and that a full comeback […] More