Archive for July 25th, 2022

Central Bank Watch

Analysts Surprised by Another Interest Rate Hike in Kazakhstan

July 25, 2022

  The National Bank of Kazakhstan, one of the former members of the USSR, became the latest central bank with a policy rate increase to fend off runaway inflation. The interest rate increase of 50 basis points to 14.5% follows earlier increases of 50 basis points in April, 325 basis points in February, 50 bps […] More

New Overnight Developments Abroad - Daily Update

Last Week of July Starts with Equities and Bond Yields Rising and Dollar and Bitcoin Falling

July 25, 2022

The dollar fell overnight by 0.6% against the peso and sterling, 0.4% versus the ruble and Australian and Canadian dollars, 0.3% relative to the euro but rose 0.3% against the yen, 0.2% versus the Swiss franc and 0.6% vis-a-vis the Turkish lira. The weighted DXY dollar index is 0.4% softer. U.S. equity futures point to […] More