Central Bank Watch
National Bank of Serbia Hikes Interest Rate Further
July 13, 2023
Central bank watchers were surprised by a 25-basis point hike in the National Bank of Serbia’s policy interest rate to 6.5%. A pause in the cycle of rate increases had occurred in May, but with today’s sixth 25-basis point hike of 2023, the key rate becomes 6.5% versus a pandemic low of 1.0% that prevailed […] More
New Overnight Developments Abroad - Daily Update
Dollar Falls to 15-Month Low on a Weighted Basis
July 13, 2023
The weighted DXY dollar index is hovering just above 100, a threshold last crossed in April 2022 and down 12.7% from late last September. The dollar has weakened on yesterday’s lower-than-expect U.S. CPI inflation news and the published Beige Book that revealed economic stagnation in five of the twelve Federal Reserve districts, modest to slight […] More
