Central Bank Watch
Poland’s Second Central Bank Interest Rate Cut of the Easing Cycle
October 4, 2023
In the face of above-target inflation, the National Bank of Poland’s reference interest rate had between October 2021 and September 2022 been raised progressively from 0.10% to 6.75%. Meanwhile, Polish CPI inflation had this year crested at 18.4% in February and fallen to 10.1% by August. That set the stage for a 75-basis point initial […] More
New Overnight Developments Abroad - Daily Update
Ungovernable U.S. Congress Elevates Uncertainty But Dollar Softens Only Modestly
October 4, 2023
In a startling political development, the U.S. House of Representatives has no Speaker, and it could be quite a while before that critical vacancy is filled. Without that critical step, Congress will be rendered impotent. Ordinarily such a crisis might be expected to weigh discernibly on the dollar, but the other force strongly at play […] More
