Deeper Analysis
July 2023 in Figures
July 31, 2023
July was a strong month for equities and a period when the dollar eased pretty much across the board. Policy interest rates rose 25 basis points at the Federal Reserve, European Central Bank, Bank of Canada, and National Bank of Serbia. Larger central bank rate changes were executed at the Bank of Ghana (+50 basis […] More
Central Bank Watch
Chilean Interest Rate Cut
July 31, 2023
Late Friday came news of a full percentage point reduction in the Central Bank of Chile‘s key interest rate to 10.25%. The rate had been lifted from 0.5% to 4.0% in 2021 and to a 24-year high of 11.25% in seven additional incremental policy tightenings by October 2022. Chilean CPI inflation of 7.6% last month […] More
New Overnight Developments Abroad - Daily Update
Lots of Data and a Weakening Yen on Final Day of July
July 31, 2023
The dollar rose 0.7% against the Japanese yen but mostly softened against other currencies including drops of 1.0% against the Australian dollar, 0.9% relative to the New Zealand dollar, 0.3% versus the Canadian dollar and 0.1% vis-a-vis the euro. Share prices rose 1.3% in Japan, 0.9% in South Korea, 0.8% in Kong Kong, 0.6% in […] More
