Archive for March 8th, 2022

Central Bank Watch

Polish Central Bank Interest Rate Lifted to 3.5% from 2.75%

March 8, 2022

Today’s sixth consecutive hike in the National Bank of Poland’s policy interest rate was larger than the previous three 50-basis point increases, but the rate level remains far beneath the latest 9.2% 12-month rate of consumer price inflation and far above the 1.5 – 3.5% corridor that officials associate with price stability. According to a […] More

New Overnight Developments Abroad - Daily Update

Equity Rout Paused but Rise of Commodity Prices Continues

March 8, 2022

The price of Nickel soared more than 200%, forcing that exchange to stop trading. Prices for silver (+2.6%), WTI oil (+2.5%), wheat (+1.2%) and gold (+0.8%) climbed further as well. The euro recovered 0.3% overnight, causing the DXY dollar index to fall almost 0.3%. The greenback gained 0.4% against the yen, 0.5% versus the Australian […] More