Central Bank Watch
Bank of Israel Rate Cut
January 2, 2024
The Bank of Israel on New Years Day unveiled its first rate reduction since April 2020, slicing its benchmark by 25 basis points to 4.50%. The rate had previously been lifted progressively starting in April 2022 from a pandemic low of 0.10% to 3.25% by the end of that year and 4.75% by March 2023. Israeli […] More
New Overnight Developments Abroad - Daily Update
New Year’s Hangover and Beaucoup Manufacturing PMI Reports for December
January 2, 2024
The flip-side of the historical downward bias of the dollar late most Decembers is rebounding strength right after the start of the ensuing new year. On this first trading day of 2024, the dollar rose 0.8% overnight on a weighted basis and against the euro and sterling, 1.0% relative to the Swiss franc, 1.8% against […] More
