Central Bank Watch
Colombian Central Bank Hike
March 30, 2023
The Central Bank of Colombia’s policy interest rate has been lifted by only 25 basis points to 13.0%. Similar to most countries around the world where central banks target inflation, consumer prices in Colombia with a 12-month 13.25% rise is currently running way above the objective, which in Colombia’s case is 3.0%. A year ago, […] More
Central Bank Watch
50-Basis Point South African Central Bank Rate Hike Surpasses Expectations
March 30, 2023
The previous rate two rate hikes of 50 basis points in November and 25 basis points in January had been smaller than their predecessor moves, and this month’s decision to raise the repo rate resulted from a 3-2 split decision with two members of the South African Reserve Bank‘s Monetary Policy Committee favoring another 25-basis […] More
New Overnight Developments Abroad - Daily Update
Softer Dollar, Lower Bond Yields, and Equities Recover Further
March 30, 2023
Risk-on trading continued overnight. The dollar fell 0.4% against the Swiss franc, 0.3% relative to the euro and yen, 0.2% versus the Australian dollar and sterling and 0.1% vis-a-vis the Canadian dollar, kiwi, and Mexican peso. Ten-year sovereign debt yields dipped 3 basis points in the U.K., 2 bps in Germany and a basis point […] More
