Central Bank Watch
Sweden’s Third Central Bank Rate Hike of 2023 Lifts Such to a 15-Year High of 3.75%
June 29, 2023
The Swedish Riksbank today became the latest central bank to hike its interest rate higher. That central bank’s policy rate had been -0.50% from early 2016 until an initial hike late in 2018 but was still a mere zero percent when raised 25 basis points in April 2022. By end-2022, such had been raised to […] More
New Overnight Developments Abroad - Daily Update
Almost Solid Front of Hawkish Central Bank Policies With a Mounting Focus on Squelching Wage Pressure and Service Sector Prices
June 29, 2023
The leaders of the Federal Reserve, Bank of England, European Central Bank and Bank of Japan participated in a panel discussion yesterday. Powell, Bailey, and Lagarde attempted to outdo each other in displaying their commitment to lowering inflation. Whatever the cost in the short run, each insisted the long-term costs would be even greater if […] More
