Archive for August 24th, 2022

Central Bank Watch

Latest Icelandic Central Bank Rate Hike… and More Promised Ahead

August 24, 2022

the Iceland’s seven-day term deposit rate was raised by 75 basis points to a six-year high of 5.5%. The current tightening cycle in Iceland began in May 2021 from a base of 0.75% and has further distance to go, according to a statement from the Central Bank of Iceland’s Monetary Policy Committee released today. Icelandic […] More

New Overnight Developments Abroad - Daily Update

Continuing Dollar Uptrend

August 24, 2022

Investors remain focused on the Federal Reserve’s annual symposium at Jackson Hole, Wyoming, which starts tomorrow. This coming event has put the theme of tightening monetary policy into the spotlight. The Fed has been at the forefront of the fight against inflation, and the dollar continues to be well-bid, rising another 0.5% overnight against its […] More