Foreign Exchange Insights and Next Week
Next Week’s Menu: August 14 – 20, 2021
August 13, 2021
Central Banks: Monetary policies will be reviewed in New Zealand, Sri Lanka, Indonesia, Norway and China. Minutes of most recent policy reviews by the FOMC and Reserve Bank of Australia Board will be published. Fed Chairman Powell speaks publicly. Holiday: Indonesians observe Independence Day on Tuesday. Scheduled Release of Following U.S. Economic Statistics: Retail sales, […] More
Central Bank Watch
Central Bank Rate Hike in Peru
August 13, 2021
An interest rate hike surprise has been sprung by officials at the Central Reserve Bank of Peru. With inflation accelerating there more than half a percentage point to 3.8% in July, monetary policymakers doubled their policy interest rate to 0.5%. This increase was the first change since a pair of 100-basis point reductions in March […] More
New Overnight Developments Abroad - Daily Update
Inflation Stays in the Spotlight
August 13, 2021
Quite a few indicators of inflation were released this Friday, among which July U.S. import prices caught the most attention. Import prices had posted monthly advances of at least 0.9% in each of the previous seven months but went up just 0.3% in July. This reduced year-on-year import price inflation by a full percentage point […] More
