Central Bank Watch
Czech Monetary Policy Remains on Hold But Official Signal Possible Renewed Cycle of Rate Increases
December 21, 2022
Although policymakers at the Czech National Bank left their two-week repo interest rate unchanged again at 7.0%, which such has been since a hike of 125 basis points last June, two of the seven committee members favored a half-percentage point increase, and the tone of the released statement was hawkish: The Bank Board states that […] More
New Overnight Developments Abroad - Daily Update
A Somewhat Better Market Tone as Northern Hemisphere Observes Winter Solstice
December 21, 2022
Data reported this Wednesday took a turn for the better, and investors were cheered also by recent earnings and other corporate news like Elon Musk’s announcement that he will step down as Twitter’s CEO. The U.S. current account deficit narrowed to $217.1 billion last quarter from $238.7 billion in 2Q and $282.5 billion in 1Q. […] More
