Central Bank Watch
Australian Rate Hike
December 6, 2022
The Reserve Bank of Australia‘s Official Cash Rate’s hike this month of 25 basis points matched the expected changed and lifted the rate level to a 123-month high of 3.10% from 0.10% at the onset of the tightening cycle last May. Current CPI inflation in Australia of 6.9% is well above the central bank’s medium-term […] More
New Overnight Developments Abroad - Daily Update
Equity Retreat Extended and Dollar Narrowly Mixed
December 6, 2022
Overnight dollar movements include a rise of 0.4% against the loonie coupled with a drop of 0.4% against the Swiss franc; an uptick of 0.2% relative to the yen versus a 0.2% downtick against the euro, dips of 0.1% vis-a-vis the Australian and New Zealand dollars, and no net change against sterling. More significant change […] More
