Archive for January 10th, 2022

Central Bank Watch

A More Gradual Approach to Rate Normalization in Romania than at Other Eastern European Central Bankers

January 10, 2022

Romania’s policy interest rate was raised only 25 basis points after the first monetary policy review of 2022 even though total CPI inflation of 7.8% is more than twice the 3.5% target ceiling, core inflation has also risen, and both measures are projected to crest further in the short run. Today’s increase to 2.0% follows […] More

New Overnight Developments Abroad - Daily Update

Narrowly Mixed Dollar and Downwardly Creeping Equities

January 10, 2022

The dollar climbed 0.4% versus the Swiss franc, 0.3% against the euro, and 0.2% on a weighted basis, while also slipping 0.3% against the yen, 0.2% versus the kiwi and 0.1% against sterling. The greenback stayed unchanged vis-a-vis the Canadian and Australian dollars. U.S. stock futures and key European stock indices are a tad softer, […] More