Archive for March 3rd, 2022

Central Bank Watch

Ukraine’s Monetary Policy Review Postponed

March 3, 2022

A scheduled monetary policy review by the National Bank of Ukraine was postponed. Ukraine’s discount rate had previously been lifted from 6.0% a year ago to 10% after a full percentage point hike at the previous review in January. In a released statement, Governor Shevchenko said that Ukraine’s banking system remains liquid and stable and […] More

Central Bank Watch

ECB Minutes

March 3, 2022

Published minutes from the European Central Bank policy review in early February declare that “compared with the assessment in December, upside risks to the inflation outlook had increased, particularly in the near term. As the increase in inflation was becoming longer-lasting than initially expected, it was remarked that the Governing Council should avoid characterizing inflation […] More

New Overnight Developments Abroad - Daily Update

Energy Prices Soaring as Both Russia and Ukraine Take a Beating

March 3, 2022

The price of West Texas Intermediate crude oil jumped another 3.5% overnight and has risen 52% since the end of 2021. The dollar jumped 11% overnight against the Russian ruble. Trading on the Russian stock exchange remains suspended. Russia’s banking system is gripped by an extreme liquidity shortage, and the country’s sovereign debt rating has […] More

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