Central Bank Watch
Three Percentage Point Central Bank Rate Hike in Pakistan
March 2, 2023
Officials at the State Bank of Pakistan boosted the policy interest rate sharply from 17% to 20% today, bringing the rate level to a 27-year high. This was the second increase of 2023 following a 100-basis point move in January. From a pandemic low of 7.0%, the rate was lifted by 275 basis points in […] More
New Overnight Developments Abroad - Daily Update
Dollar Buoyed by Higher U.S. Long-Term Interest Rates and Reinvigorated Hawkish Fedspeak
March 2, 2023
In overnight action, the dollar advanced 0.6% against the euro, sterling, yuan and kiwi and by 0.5% relative to the yen and Australian dollar. At 4.07%, the ten-year U.S. Treasury yield has climbed 8 basis points today and 67 basis points over the four weeks since February 2nd. The Federal Reserve District presidents in Minnesota […] More
