Central Bank Watch
Chinese 5-Year Loan Prime Rate Reduction
February 20, 2024
The biggest central banking development of the day was the decision by officials at the People’s Bank of China to lower their 5-year Loan Prime Rate by a record 25 basis points to 3.95%. Analysts had anticipated an easing gesture but were looking for a cut of only 15 bps to buoy the economy’s increasingly […] More
New Overnight Developments Abroad - Daily Update
Seemingly Contradictory Themes
February 20, 2024
Contradictory financial news headlines this Tuesday do not paint a consistent story. For a couple of months, Fed watchers with encouragement from top FRS officials have been trying to discern when and how quickly interest rates will be lowered. Out of the blue today, there’s a headline that the highly credentialed economist and former Treasury […] More
