Central Bank Watch
Peru’s Monetary Policy Interest Rate Also Hiked by 50 Points but Still Below Inflation
February 10, 2022
Today’s increase was the fifth straight month with a half-percentage point increase and preceded by a 25-basis point initial rise last September. But at 3.5%, the new policy rate level of the Central Reserve Bank of Peru over two percentage points less than CPI inflation of 5.68% in January. More increase are probable in this […] More
Central Bank Watch
Mexican Overnight Interbank Rate Lifted to 6.0% from 5.5%
February 10, 2022
Two developments prompted policymakers at the Bank of Mexico to implement their sixth interest rate hike since last June: high inflation and expectations that the U.S. federal funds rate target will be increased next month. One year ago in February 2021, Mexico’s central bank policy rate had actually be cut by 25 basis points to […] More
New Overnight Developments Abroad - Daily Update
Several Central Banks Left Rates Steady, But Fresh Price Data Fan Concern
February 10, 2022
The Reserve Bank of India‘s repo and reverse repo rates were left unchanged at 4.0% and 3.35%. A released statement explains, “The MPC notes that inflation is likely to moderate in H1:2022-23 and move closer to the target rate thereafter, providing room to remain accommodative” And adds “the ongoing domestic recovery is still incomplete and […] More
