Central Bank Watch
Bank of Mexico Officials Implement Second Straight 25-Basis Point Hike of Overnight Interbank Rate
August 12, 2021
The 25-basis point interest rate increases in June and now reverse cuts last February and September, and the new rate level of 4.5% becomes the highest in a year but well below the pre-pandemic level of 7.25%. A statement from the Bank of Mexico foresees a danger of inflation tracking above its baseline forecast because […] More
New Overnight Developments Abroad - Daily Update
Yet Another Higher-than-Assumed U.S. Inflation Number and Other Disappointing Data
August 12, 2021
The dollar has edged up 0.1% against the euro, loonie, Swissie, yuan and its weighted DXY index. The dollar climbed 0.5% relative to the Australian and New Zealand dollars but is unchanged so far today versus the Japanese yen. Asian equity markets mostly lost modest ground Thursday, and U.S. share prices are a bit lower […] More
