Archive for December 17th, 2021

Central Bank Watch

A 50 Basis Point Colombian Central Bank Rate Hike with Three Dissenters Favoring a Larger Increase

December 17, 2021

Colombia’s monetary policy rate was raised today to 3.0% from 2.5%. This increase followed hikes of 25 basis points in September and 50 bps in October, and it was decided by a thin 4-3 vote where the disagreement pertained to how much to tighten rather than whether to lift the rate again or not. Three […] More

Foreign Exchange Insights and Next Week

Next Week’s Menu: December 18 – 24, 2021

December 17, 2021

Central Banks: Monetary policies in the Czech Republic and Thailand will be reviewed. The People’s Bank of China’s monthly setting for 1- and 5-year loan prime rates occurs, and minutes will be published from the last Reserve Bank of Australia Board meeting. Numerous Market Closures Friday for Christmas Eve: Including Germany, France, Italy, Switzerland, Italy, […] More

Central Bank Watch

Russian Central Bank Rate Hike

December 17, 2021

The Central Bank of Russia has raced even harder to overtake inflation, which has climbed to 8.4% from 4.9% at the end of 2020. The latest increase by Russian monetary officials announced today is a full percentage point to 8.5% in size. This was the sixth hike since March, the total of which has equaled […] More

Deeper Analysis

Central Bank Thinking in Addressing the Spike in Inflation

December 17, 2021

The following excerpts from the Bank of Russia governor explaining today’s sharp interest rate hike epitomized the dilemma of many central bankers around the world coming to terms with an inflation spike caused by mostly supply bottlenecks that has lasted longer than anticipated. Our special focus is to ensure that the monetary policy is well-balanced. […] More

New Overnight Developments Abroad - Daily Update

Stock Markets Drop in Wake of Week’s Spotlight on Central Banks and World Inflation

December 17, 2021

Other factors weighing on investor appetite for riskier assets include Omicron, whose true threat to public health and economic growth remains uncertain, and congressional paralysis over President Biden’s Build Back Better Bill. Two more central banks hiked their interest rates. The Bank of Mexico‘s increase late Thursday of 50 basis points to 5.5% reflected a […] More

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