Central Bank Watch
July 6, 2023
Sri Lankan monetary officials signaled a more definitive turn in policy. The Central Bank of Sri Lanka‘s key interest rate previously had been cut 250 basis points in 2020, then raised 50 bps in 2021 and 950 bps in 2022. A final 50-basis point hike this past March capped that cycle and has been followed […] More
New Overnight Developments Abroad - Daily Update
World Financial Markets React to Hawkish FOMC Minutes and Worries About China’s Economy
July 6, 2023
In the first volatile day of the third quarter, share prices tumbled 3.0% in Hong Kong, 1.7% in Taiwan and Japan, 1.2% in Australia and 1.1% in Singapore. Equiities on all major European bourses have lost at least 1.0% so far including a 1.9% drop in the Paris CAC. U.S. stock futures were down around […] More
