Archive for February 8th, 2022

Deeper Analysis

Poland’s Central Bank Interest Rate Hiked to 2.75% from 2.25%

February 8, 2022

The Monetary Policy Council at the National Bank of Poland announced its fifth rate increase since October when the reference rate was languishing at a mere 0.10%. Most central banks around the world have been switching priorities, putting more emphasis on containing high inflation, or to put a finer point on it, ensuring that medium-term […] More

New Overnight Developments Abroad - Daily Update

Softer Euro Against Dollar and Other European Currencies

February 8, 2022

The dollar rose 0.2% overnight in weighted terms and against the Japanese yen. Sterling and the Swiss franc nearly matched strides with the greenback, but the euro slid on some dovish remarks by ECB President Lagarde and lost 0.4% against the U.S. currency. Lagarde maintained that medium-term inflation expectations remain aligned with the ECB target […] More