Central Bank Watch
Brazilian Selic Rate Began 2021 at 2.0% and Ending the Year at 9.25%
December 8, 2021
The Copom committee at the Central Bank of Brazil that decides monetary policy settings unanimously voted to hike its Selic interest rate by 150 basis points to 9.25%, matching the previous advance in October that had been the largest since 2002. Rate cuts of 250 basis points in 2020 have been far exceeded in 2021 […] More
Central Bank Watch
Polish Central Bank Interest Rate Raised 3 Times by Total of 165 Basis Points in Final Quarter of 2021
December 8, 2021
Following up on hikes of 40 basis points in October and 75 bps in November, officials at the National Bank of Poland lifted the reference interest rate today by 50 bps to 1.75%. In so doing, the entire post-pandemic rate reduction in 2020 from 1.50% at the start of last year has been reversed and […] More
New Overnight Developments Abroad - Daily Update
Quieter Day: Omicron Developments Still Encouraging
December 8, 2021
Omicron news continues to be reassuring. Booster shots appear to reduce rate of transmission, and the symptoms of this Covid variant seem less severe than with the Delta Variant. The most notable financial market development today has been a large rise in Continental European ten-year sovereign debt yields, for instance, of 10 basis points in […] More
