Central Bank Watch
New Zealand’s Tenth Central Bank Rate Hike
February 22, 2023
New Zealand’s Official Cash Rate has undergone its tenth hike since October 2021, and the 50-basis point increase matched market expectations. Although not a surprise, the Reserve Bank of New Zealand policymakers haven’t been deterred from getting ahead of inflation despite the country’s recent devastating cyclone underscores a reality that investors bet against central bank […] More
New Overnight Developments Abroad - Daily Update
Equities Tumbling in Many Countries… FOMC Minutes To Be Released Later Today
February 22, 2023
Tuesday’s sharp drop in the U.S. stock market set the tone for European and Asian equities today, with markets closing down 1.7% in South Korea, 1.5% in India, 1.3% in Japan, 0.9% in Taiwan and Indonesia, and 0.5% in China and Hong Kong. Italian stocks currently show a loss of 1.2%, but other key markets […] More
