Deeper Analysis
April 2023 in Figures
April 28, 2023
In April, sovereign debt yield movements were mixed, equities rose, and the yen and dollar weakened. Oil and gold prices rose modestly. None of the central banks in the table below experienced an interest rate change. 10-Yr Yield 03/31/23 04/28/23 April Change U.S. 3.47% 3.44% -3 Basis Points Germany 2.29% 2.31% +2 Japan 0.20% 0.38% […] More
Central Bank Watch
25-Basis Point Hike of Central Bank of Colombia’s Interest Rate
April 28, 2023
A split vote agreed to yet another 25-basis point interest rate hike at April’s monetary policy review. The new 13.25% interest rate is the third increase of 2023, defying expectations of a pause. Two of the seven policymakers favored not changing the rate level, but a separate minority of one voted for a 50-basis point […] More
Central Bank Watch
The Bank of Japan’s First Board Meeting of Governor Ueda’s Stewardship
April 28, 2023
Governor Ueda did not initiate a clean break away from his predecessor’s policy, retaining a short-term interest rate of -0.1%, an target of around zero percent for the 10-year JGB yield, with a 0.5 percentage point daily buffer, and a commitment to more stimulus if and when such is deemed necessary to keep an eventual […] More
New Overnight Developments Abroad - Daily Update
Banking System Concerns and Further Evidence that Growth Has Slowed
April 28, 2023
The dollar jumped 1.6% against the yen following the first Bank of Japan Board meeting led by Governor Ueda. He did not initiate a clean break away from his predecessor’s policy, retaining a short-term interest rate of -0.1%, an target of around zero percent for the 10-year JGB yield, with a 0.5 percentage point daily […] More
