Central Bank Watch
Latest Bank of Canada Rate Hike to Be Followed By a Pause at 4.50%
January 25, 2023
When rate tightening by the Bank of Canada began in March 2022, the benchmark had been languishing at 0.25% for the previous two years since a trio of 50-basis point cuts in March 2020 shortly after the onset of the Covid pandemic. Today’s eighth hike, like that first one, was 25 basis points in size. […] More
Central Bank Watch
Central Bank of Thailand
January 25, 2023
Officials today at the Central Bank of Thailand raised their interest rate benchmark from 1.25% to a 3-1/2 year high of 1.50%. This was the fourth 25-basis point increase since last August. CPI inflation rose to a 2-month high in December of 5.9%. That’s still down from August’s peak of 7.9% but well above the […] More
New Overnight Developments Abroad - Daily Update
Investors Anxious Over Several Matters
January 25, 2023
Although down from 2022 highs in many places, inflation remains too elevated for central bankers to feel comfortable. Many data including this week’s spate of purchasing manager surveys are consistent with a contraction of GDP in this first quarter of 2023. The war in Ukraine and proliferation of mass shootings in the United States are […] More
