Central Bank Watch
Russian Interest Rate Increase
August 15, 2023
The Russian ruble is also in today’s spotlight. One day after such fell to a 17-month low and amid accusations from a high advisor to President Putin blaming a loose monetary policy for the currency’s eroded value, the Central Bank of Russia held an emergency board meeting today and agreed to hike the benchmark interest […] More
New Overnight Developments Abroad - Daily Update
Several Significant Developments for Investors to Process
August 15, 2023
Chinese July data have deepened concerns about the world’s second largest economy. Weaker-than-anticipated on-year growth in China’s retail sales of 2.5% was down from 8.2% in the first half of 2023. Industrial production growth of 3.7% year-on-year also undershot expectations. The unemployment rate edged up to a 4-month high of 5.3%, and fixed asset investment […] More
