Central Bank Watch
ECB Keeps Interest Rates Steady
March 7, 2024
The European Central Bank has maintained its interest rate trio unchanged since hikes made last September to 4.0% on the deposit rate, 4.5% on the refinancing rate, and 4.75% for its marginal loan facility. A statement released at the Governing Council’s previous policy review in January affirmed “future decisions will ensure that its policy rates […] More
New Overnight Developments Abroad - Daily Update
Investors Focused on Monetary Policies, Inflation, and Biden’s State of the Union Address Tonight
March 7, 2024
Scheduled monetary policy reviews at the European Central Bank, National Bank of Serbia, and Central Bank of Malaysia left key interest rates unchanged at 4.5%, 6.5%, and 3.0%, respectively. No changes had been expected. Bank of Japan Board member Nakagawa made remarks affirming that Japan’s economy is closer to achieving the central bank’s inflation target […] More
