Central Bank Watch
Another South Korean Central Bank Rate Hike and More to Come
August 25, 2022
The Bank of Korea‘s policy interest rate was raised by 25 basis points to 2.5%. This was the seventh normalizing hike over the past year from a starting rate level of 0.50%. All of the moves except the prior one in July of 50 basis points have been by a quarter of a percentage point. […] More
Uncategorized
Dollar and Stock Markets Partly Reverse Direction as Jackson Hole Symposium Kicks Off
August 25, 2022
In overnight action, the dollar fell 0.8% against the Australian dollar and 0.5% versus the kiwi. The greenback eased back only 0.2%, however, relative to the euro, yen, Swiss franc, sterling, loonie and weighted DXY index. Stock markets advanced 3.6% in Hong Kong, 1.2% in South Korea, 1.0% in China, 0.9% in Taiwan, 0.6% in […] More
