Archive for August 25th, 2021

Central Bank Watch

Iceland’s Second Central Bank Rate Hike of 2021

August 25, 2021

The Central Bank of Iceland’s policy interest rate was increased another 25 basis points to 1.25%. An initial hike of similar size had been engineered earlier this year in May. During the opening five months of 2020, the rate had been reduced by a total of 225 basis points to 0.75%. Iceland is the only […] More

New Overnight Developments Abroad - Daily Update

Softer Business Confidence, A Rate Hike in Iceland, and Awaiting Clarification of Fed Policy Plans

August 25, 2021

The Jackson Hole annual central banker conference begins tomorrow at which investors hope to glean greater clarification of the Fed’s exit strategy. The Delta Variant’s wave of higher coronavirus infections has cast a shadow over how aggressively Federal Reserve officials will taper quantitative monetary stimulus. Global infections are closing in on the 215 million level. […] More

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