Central Bank Watch
National Bank of Ukraine
January 20, 2022
Officials at the National Bank of Ukraine, who had lifted their policy rate by three full percentage points to 9.0% last year, could not afford to pause rate tightening at this juncture. Instead at today’s first scheduled policy meeting of 2022, the rate was lifted by a fourth full percentage point to 10%, surpassing analyst […] More
Central Bank Watch
Rate Hike at Central Bank of Sri Lanka
January 20, 2022
The Central Bank of Sri Lanka‘s policy interest rate was also lifted today. An initial increase had been engineered last August of 50 basis points to 5.0%, and today’s move was also a half percentage point to 5.5%. There had been five cuts in 2020 totaling 250 basis points, so the rate remains 150 bps […] More
Central Bank Watch
Second Chinese Interest Rate Cut This Week
January 20, 2022
Officials at the People’s Bank of China, who on Monday of this week had cut their 1-year and 1-week interest rates by five and 10 basis points respectively, doubled down today with a reduction of another ten basis points in the 1-year loan prime rate to 3.70% as well as a 5-basis point cut of […] More
New Overnight Developments Abroad - Daily Update
Dollar Little Changed on Day that Saw Many Central Bank Meetings and Thick Menu of Released Data
January 20, 2022
The weighted dollar edged up by a marginal 0.1% overnight. It gained 0.1% against the euro and Swiss franc but is unchanged against the yen and sterling and down 0.1% versus the Canadian dollar. Stock market action in the Pacific Rim was widely varied, with Japan Nikkei and Hong Kong’s Hang Seng indices closing 1.1% […] More
