Archive for April 14th, 2022

Central Bank Watch

Monetary Authority of Singapore Tightens Stance

April 14, 2022

The Monetary Authority of Singapore, which conducts monetary policy by targeting the external value of the currency rather than a domestic interest rate, took the unusual step today of changing two of the three defining parameters of its Singapore dollar policy, rather than just one. As it did last October and again in January, MAS […] More

Central Bank Watch

Bank of Korea

April 14, 2022

Officials at the Bank of Korea today authorized the fourth 25-basis point hike of South Korea’s repo rate since last August. Analysts were not expecting an increase, and none had been made at the previous meeting in February. The new rate level of 1.5% is it’s highest since August 2019. CPI inflation in South Korea […] More

Central Bank Watch

European Central Bank Not as Hawkish as Feared

April 14, 2022

At this week’s meeting of the European Central Bank Governing Council, policymakers as expected speeded up the planned wind-down of monthly asset purchases, but the overall tone of the decision reads less hawkishly than expected. Planned asset purchases had previously been set at EUR 40 billion per month all this quarter and at EUR 30 […] More

New Overnight Developments Abroad - Daily Update

Amid Rising Inflation, Some Central Banks React and Others Do Not

April 14, 2022

The weighted DXY dollar index slid 0.3% so far today and is 0.9% below its year-to-date high hit in intraday trading yesterday. Losses of 0.2-0.3% today have occurred against the euro, yen, kiwi, loonie and sterling, while marginal upticks have occurred versus the Swiss franc and Australian dollar. Stock markets closed up 1.2% in Japan […] More

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