Archive for January 5th, 2022

Central Bank Watch

National Bank of Poland

January 5, 2022

The National Bank of Poland engineered the first central bank interest rate hike of 2022, lifting such by 50 basis points yesterday to 2.25%. This was the fourth increase since October before which the rate had been just 0.10%. Polish CPI inflation of 7.8% is its highest of the 21st century and about five percentage […] More

New Overnight Developments Abroad - Daily Update

Awaiting FOMC Minutes and Digesting More Purchasing Manager Surveys Taken Last Month

January 5, 2022

FOMC Minutes from the December policy meeting, due at 14:00 EST (19:00 GMT) will be combed for further clarity about bond purchase tapering, Fed balance sheet management, the timing of an initial hike of the federal funds rate target, and how aggressively the rate might be raised thereafter. With this big event just hours away, […] More