Archive for February 23rd, 2022

Central Bank Watch

New Zealand Interest Rate Hike

February 23, 2022

The 25-basis point hike in the Reserve Bank of New Zealand‘s Official Cash Rate to 1.0% follows similar hikes last October and November and completes the reversal of the 75 basis points of pandemic easing engineered in mid-March 2020. A released statement leaves no doubt that considerable further monetary tightening will be necessary. By two […] More

New Overnight Developments Abroad - Daily Update

A Market Pause While Waiting for Other Shoes to Drop

February 23, 2022

Continental European share prices are up 0.6-0.9% so far today in Germany, France, Italy, Spain and Switzerland. Futures trading in the S&P 500 and Nasdaq point to rebounds of 0.6% and 1.0%. In Pac Rim stock market trading, China and Indonesia closed up 0.9%, Hong Kong and Australian recovered 0.6%, and Japan didn’t trade due […] More