Central Bank Watch
Czech National Bank’s 50-Basis Point Interest Rate Cut Above Expectations, But Policy Still Deemed Restrictive
February 8, 2024
A initial 25-basis point reduction of the CNB 2-week repo rate in December has been followed by a half percentage point cut at the first scheduled review of 2024. One of the seven policymakers favored cutting the rate by 75 basis point this time. Czech GDP contracted 0.4% on average in 2023, including a 0.2% […] More
New Overnight Developments Abroad - Daily Update
A Pause in the Action
February 8, 2024
While equities in China (+1.3%), Japan (+2.1%), France (+0.6% so far), Italy (+0.6%), Spain (+0.5%) and Germany (+0.4%) followed yesterday’s upbeat U.S. example, U.S. futures have paused on technical considerations. China’s gain equated to a loss for Hong Kong today of 1.3% and India of 1.0%. Pakistan’s election today has been marred by outbreaks of […] More
