Central Bank Watch
Central Bank Rate Cut in Kazakhstan
August 25, 2023
The National Bank of Kazakhstan’s benchmark interest rate has been cut 25 basis points to 16.5%. That remains above on-year CPI inflation of 14.0% as of July, which has fallen from 21.3% in February. Today’s rate reduction was the first easing since July 2020 to a pandemic low of 9.0%. Subsequently, the central bank rate […] More
New Overnight Developments Abroad - Daily Update
Weighted DXY Dollar Index Touched an 11-Week High Overnight Ahead of Powell’s Speech Today
August 25, 2023
Fed Chairman Powell’s speech at the annual Jackson Hole Monetary Policy Symposium begins in about 15 minutes. He’s expected to stress the themes that there’s no alternative to the goal of restoring sustained in-target inflation, that more work has to be done, that quite a while longer must pass before officials can even think of […] More
