Central Bank Watch
Swedish Central Bank Rate Hike
April 26, 2023
The Swedish Riksbank repo rate was raised by an as-expected half percentage point to a 14-1/2 year high of 3.5%. The rate had been has low as -0.5% prior to a hike in December 2019 and was at zero percent as recently as a year ago. Four increases later had lifted the repo rate to […] More
New Overnight Developments Abroad - Daily Update
Fresh Concerns about the Banking System, But Also Some Good News from Tech Sector
April 26, 2023
First Republic Bank’s deposit base hemorrhaged over $100 billion last quarter. This disclosure sent the company’s stock price plunging 49% overnight. In contrast, the earnings reports of Alphabet and other tech giants surprised on the upside, and the Nasdaq has risen 1.2% in futures trading. In overseas equity markets, Japan’s Nikkei stock index closed down […] More
