Central Bank Watch
Central Bank of Egypt and Bank of Uganda Hike Their Interest Rates
March 6, 2024
Central banks in Egypt and Uganda raised their interest rates earlier today. Although Egyptian consumer price inflation decelerated from 38% in September to 29.8% four months later, officials at the Central Bank of Egypt raised their interest rate by 200 basis points in February and augmented that action at an unscheduled meeting today by a […] More
New Overnight Developments Abroad - Daily Update
Much to Absorb This Wednesday
March 6, 2024
Fed Chairman Powell’s semi-annual Humphrey-Hawkins testimony before the House Financial Services Committee begins today at 10:00 EST ((15:00 GMT). The Fed’s website already has published a summary of his opening statement. We believe that our policy rate is likely at its peak for this tightening cycle… The Committee does not expect that it will be […] More
