Central Bank Watch
Only a 25-Basis Point Interest Rate Hike in South Africa
January 27, 2022
Officials at the South Africa Reserve Bank are attempting to engineer a more gradual normalization of their policy interest rate than, for instance, those at the Central Bank of Chile. Chile’s policy rate has been raised five times by a total of 500 basis points in total to 5.5% since mid-2021. The SARB repo rate, […] More
New Overnight Developments Abroad - Daily Update
Dollar Leaped 1.2% Overnight to 19-Month High
January 27, 2022
Fed Chairman Powell’s implication that Fed tightening in 2022 will exceed market expectations lit a flame under the dollar, which overnight rose 1.2% on a weighted basis to its best level since June 28, 2020. The dollar climbed 0.7% against the euro and Swiss franc, 0.5% relative to the yen, kiwi and sterling, and 0.4% […] More
