Central Bank Watch
Brazilian Selic Rate Reduced to 12.25% from 12.75%
November 2, 2023
The Central Bank of Brazil‘s Selic interest rate crested at 13.75% from August 2022 to August 2023 when an initial 50-basis point reduction was undertaken. During the pandemic the rate had been as low as 2.0% from August 2020 to March 2021. Following September’s second rate cut, today’s 50-basis point cut leaves the rate at […] More
New Overnight Developments Abroad - Daily Update
Markets Came Away With a Positive Spin on Powell’s Press Conference
November 2, 2023
Equities rallied overnight on greater speculation that Fed officials might not raise interest rates again in this tightening cycle. Share prices on Thursday closed up 2.2% in Taiwan, 1.8% in South Korea, 1.7% in New Zealand, 1.6% in Indonesia, 1.1% in Japan, and 0.8% in India and Hong Kong. Today’s rises so far around major […] More
