Foreign Exchange Insights and Next Week
Next Week’s Menu: March 12 – 18, 2022
March 11, 2022
Central Banks: The Federal Reserve and Bank of England are expected to authorize interest rate hike at their monetary policy reviews next week, while no changes are expected from the Bank of Japan Board, which also meets next week. BOJ Governor Kuroda has made clear that higher energy prices caused by Russia’s invasion of Ukraine […] More
Central Bank Watch
Another Peruvian Central Bank Interest Rate Hike
March 11, 2022
Monetary policy normalization continues in Peru, where CPI inflation has risen from 2.4% last April to 6.15% last month. There have now been eight policy rate hikes in all, starting with a 25-basis point increase to 0.5% then and followed by seven consecutive half percentage point hikes. The Central Reserve Bank of Peru‘s interest rate […] More
New Overnight Developments Abroad - Daily Update
Investors Influenced Keenly by What Putin Says
March 11, 2022
Friday fighting in Ukraine was as intense as ever, but Russian President Putin reportedly told Belarusian President Lukashenko that diplomatic talks between Russia and Ukraine had produced some “positive” developments. Despite Putin’s propensity for lying, that comment was today’s main market mover. Share prices in Europe are ups 3.3% in Germany, 2.3% in Italy and […] More
