Foreign Exchange Insights and Next Week
Next Week’s Menu: September 11 – 17, 2021
September 10, 2021
Event and Holiday: EU Finance Ministers meeting on Monday and Mexican Independence Day on Thursday. Scheduled U.S. Data Releases: Consumer prices, retail sales, industrial production, capacity usage, small business sentiment, monthly federal deficit, real wage earnings, import prices, Philly Fed and Empire State manufacturing surveys, Treasury-compiled capital flows and U. Michigan/Reuters consumer sentiment index. Weekly […] More
Central Bank Watch
Central Bank of Russia
September 10, 2021
The Bank of Russia‘s key interest rate was lifted for the fifth time since March. In all, the rate has climbed 250 basis points to 6.75%, but today’s move of 25 basis points matched the previously smallest change, which happened to be the initial increment. With GDP back to its pre-pandemic level and “given high […] More
Central Bank Watch
Central Reserve Bank of Peru
September 10, 2021
The Central Reserve Bank of Peru’s Board of Directors hiked its policy interest rate twice as much as analysts were anticipating to 1.0% from 0.5%. This was the second straight increase after a hike of 25 bps in August, but unlike then, today’s statement admonishes against assuming more moves following immediately: “The current decision does […] More
New Overnight Developments Abroad - Daily Update
Numerous Inflation and Industrial Production Reports Released This Friday
September 10, 2021
There were also two central bank policy rate announcements, and each involved an interest rate increase: The Central Reserve Bank of Peru‘s Board of Directors hiked its policy interest rate twice as much as analysts were anticipating to 1.0% from 0.5%. This was the second straight increase after a hike of 25 bps in August, […] More
