Deeper Analysis
Extraordinary Acceleration of U.S. CPI Inflation
November 10, 2021
The 6.2% consumer price inflation rate in October was its fastest pace since November 1990. Even more startling the 5.0 percentage point advance since 1.2% in November 2020 was the greatest 11-month acceleration of CPI inflation since such shot up from 5.7% in July 1973 to 10.9% by June 1974. Energy prices played a central […] More
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The Second Romanian Interest Rate Hike in as Many Months
November 10, 2021
The National Bank of Romania‘s November policy meeting this week resulted in a second consecutive 25-basis point policy rate hike, which at 1.75% is at its highest level since May-August 2020 but still 75 basis points below the pre-pandemic level. The NBR’s deposit rate was left unchanged at 1.0%, but the lending facility rate has […] More
New Overnight Developments Abroad - Daily Update
More Signs of Intensifying Inflation and Another Central Bank Rate Hike
November 10, 2021
The dollar didn’t move much right after U.S. CPI data were released but had already advanced by 0.0.4% overnight on a weighted basis before then to within 0.2% of its 52-week high. Dollar gains amounted to 0.5% against the kiwi and sterling, 0.4% relative to the euro and yen, and 0.3% vis-a-vis the Swiss franc […] More
