Central Bank Watch
Reserve Bank of India Tightens Again
February 8, 2023
At the Reserve Bank of India, the repo rate has been increased by 25 basis points to 6.5%. Prior to the pandemic’s onset, the rate had been 5.15% at the end of 2019 but was cut to 4.0% by May 2020 where it stood for two years until the current tightening cycle began in May […] More
Central Bank Watch
50-Basis Point Icelandic Central Bank Rate Hike
February 8, 2023
The Central Bank of Iceland‘s one-week term rate was raised today by 50 basis points to 6.5%. That incremental size is twice those of the previous two rate increases in October and November. The policy rate was cut five times in 2020, taking such from 3.0% to just 0.75%. Four hikes in 2021 between May […] More
New Overnight Developments Abroad - Daily Update
Digesting the Powell and Biden Speeches and Other Central Bank Decisions
February 8, 2023
Fed Chairman Powell yesterday reaffirmed the assertion that inflation has begun to decline but balanced that success with views that the peak in interest rates may be higher than indicated earlier and that the job of restoring in-target inflation will take quite some time longer. With a refrain of let’s-finish-the-job, U.S. President Biden sounded like […] More
