Archive for January 10th, 2023

Central Bank Watch

Another Romanian Interest Rate Hike

January 10, 2023

The tenth increase of the current tightening cycle in the National Bank of Romania‘s interest rate was undertaken today. The incremental rise was lowered to 25 basis points from the prior increases of 75 basis points in October and 50 bps in November. Tightening began in October 2021 from a base of 1.25%, but the […] More

New Overnight Developments Abroad - Daily Update

Federal Reserve Official Remarks Tamp Down Financial Market Optimism

January 10, 2023

Officials at the Federal Reserve forswear any intent to target financial market indicators like the dollar, share prices or long-term interest rates. Policy is to be guided by real economic trends and inflation. But in a tightening policy cycle, now ten months long in the tooth, market euphoria cannot be tolerated. After last Friday’s big […] More