Central Bank Watch
National Bank of Serbia Rate Hike
June 8, 2023
Perhaps anticipating a likely ECB rate hike next week, officials at the National Bank of Serbia, who had not changed interest rates at May’s review, lifted the key benchmark today to 6.25% from 6.0%. From a pandemic low of 1.0%, the rate had been raised a total of four percentage points in the final nine […] More
Central Bank Watch
Indian Monetary Policymakers Left Interest Rate Unchanged
June 8, 2023
Officials at the Reserve Bank of India had paused the cycle of interest rate hikes at their policy review in April and maintained the existing stance again at this month’s meeting. Between May 2022 and February 2023, the RBI’s repo rate had been increased six straight times from 4.0% to 6.5%. Consumer price inflation in […] More
New Overnight Developments Abroad - Daily Update
Japanese and Euroland GDP Reported… Also Monetary Policy Decisions in India and Serbia
June 8, 2023
The dollar slipped further overnight, losing 0.5% against the Australian dollar, 0.4% versus the kiwi, 0.3% relative to the yen and euro, and 0.2% against the Swiss franc and sterling. One currency that fell against the dollar was the Turkish lira, which dropped 0.4% additionally. With both the European Central Bank and possibly the Federal […] More
