Archive for August 11th, 2022

Central Bank Watch

Serbia’s Fifth Straight Central Bank Interest Rate Hike

August 11, 2022

The National Bank of Serbia today agreed to raise its policy rate by 25 basis points to a 3-year high of 3.0%. The move follows four earlier consecutive increases of 50 basis in April, May¬† and June followed by a 25-basis point increase in July. Serbian CPI inflation climbed to a 9-year high of 11.9% […] More

New Overnight Developments Abroad - Daily Update

U.S. Producer Price Inflation, Like Yesterday’s CPI, Undershot Expectations

August 11, 2022

The dollar fell overnight by 0.6% relative to the yen and kiwi, 0.4% versus the Swiss franc, euro and weighted DXY index, and 0.3% vis-a-vis the Mexican peso and Australian dollar. U.S. stock futures are up 0.8%, and the 10-year Treasury yield has dropped five basis points, which is more than other ten-year sovereign debt […] More