Central Bank Watch
Bank Negara Malaysia
September 8, 2022
Malaysia’s central bank policy rate was raised by 25 basis points at a scheduled monetary policy review. Such was the third such increase since May, lifts the rate to 2.50%, and brings the reversal of pandemic related relief to 75 bps of the 125 basis points of reduction in 2020. Consumer price inflation increased a […] More
Central Bank Watch
75-Basis Point ECB Rate Hike
September 8, 2022
An initial 50-basis point interest rate hike at the European Central Bank in July has been followed by a 75-bp hike at this month’s scheduled meeting. The three interest rates now included a 1.25% refinancing rate flanked by a 0.75% deposit rate and a 1.50% marginal lending facility rate. Prior to July, there had not […] More
Central Bank Watch
Serbian Central Bank Rate Hike was the Sixth in a Row
September 8, 2022
Serbia’s central bank interest rate was increased today to 3.5% from 3.0%. The 50-basis point move matches the size of increases undertaken in each month of the second quarter, but analysts were expecting the move to be the same size as ones of 25 basis points in July and August. Serbian CPI inflation accelerated to […] More
New Overnight Developments Abroad - Daily Update
Concern about European Economic Outlook Mounting
September 8, 2022
The record 75 basis point increase in European Central Bank interest rates failed to lift the euro, which continues to trade below dollar parity. Europe’s economy is more exposed than others to Russia’s invasion of Ukraine. Britain’s new prime minister, Liz Truss, has imposed an emergency freeze on gas and electricity rates. The weighted dollar […] More
