Central Bank Watch
Central Bank Rate Hikes in India and Canada
December 7, 2022
The Reserve Bank of India‘s repo rate was increased 35 basis points to 6.25%. That was the fifth hike this year from a starting level of 4.0% that had prevailed since May 2020. Indian CPI inflation, although down to 6.8% in October from 7.4% in September, remains well above target. The 6.25% new interest rate […] More
New Overnight Developments Abroad - Daily Update
Equity Wobbles Continue
December 7, 2022
Warnack won the Georgia senatorial runoff election, giving the Democrats a narrow senate majority plus the presidency for the coming two years, but Republicans now control the U.S. House of Representatives and have a solid grip on the Supreme Court for the foreseeable future. The dollar overnight dropped 0.5% against sterling, 0.4% relative to the […] More
