Central Bank Watch
Reserve Bank of India Raises Interest Rate
August 5, 2022
The Reserve Bank of India engineered a third hike of its policy interest rate, lifting such by 50 basis points to 5.40%. This matched June’s incremental rise, which had followed an initial 40-basis point increase in May. The rate is now at its highest level since September 2019. A released statement explained today’s move: With […] More
New Overnight Developments Abroad - Daily Update
Investors Treading Water Ahead of U.S. Monthly Release of Jobs Data
August 5, 2022
Market movements: U.S. stock futures and the dollar are barely changed. Likewise, the prices of gold and West Texas Intermediate crude oil have dipped just 0.2% and 0.3%, although the latter has now retreated roughly 29% from its 52-week high set in early March. Bitcoin rallied 3.4%. The Reserve Bank of India engineered a third […] More
