Central Bank Watch
Australia’s Tenth Central Bank Rate Hike of the Current Tightening Cycle
March 7, 2023
The Reserve Bank of Australia’s Official Cash Rate was increased to a decade-high 3.60% from 3.25%, matching the 25-basis point increment size after the previous four policy reviews. The OCR had been cut in 2020 by a total of 75 basis points to 0.10% and was left at that low level until monetary tightening began […] More
New Overnight Developments Abroad - Daily Update
Awaiting Chairman Powell’s Semi-Annual Congressional Testimony
March 7, 2023
Formerly known as the Humphrey-Hawkins testimony, Fed Chairman Powell will testify about how the Fed sees the U.S. economy and inflation evolving before the Senate Banking Committee today at 10:00 (15:00 GMT) and the House Financial Services Committee tomorrow. Investors particularly will glean his remarks for clarification of what monetary officials need to see before […] More
