Central Bank Watch
Sri Lankan Interest Rate Cut
March 26, 2024
An unexpected interest rate cut was undertaken by the Central Bank of Sri Lanka, whose Standing Deposit Facility Rate was cut to 8.5% from 9.0%. The rate has been on a roller coaster ride since its pandemic low of 4.5% from July 2020 to August 2021. An initial hike took it to 5.0% for the […] More
Central Bank Watch
A Sixth Straight Monthly Central Bank Interest Rate Cut in Hungary
March 26, 2024
The Central Bank of Hungary’s base rate has been lowered at six straight monthly policy reviews, dropping by 225 basis points in the final quarter of 2023 and but 250 bps this quarter. The peak rate of 13.0% was maintained from September 2022 to October 2023. CPI inflation in Hungary peaked at 25.7% in January […] More
New Overnight Developments Abroad - Daily Update
Equities Up and Dollar a Bit Down While Awaiting Several U.S. Data Releases
March 26, 2024
Today’s moves in the dollar and equities have been muted ahead of released figures for U.S. home prices, consumer confidence, durable goods orders, and the Richmond Fed and Dallas Fed manufacturing surveys. Ten-year sovereign debt yields are a touch softer. Japanese Finance Minister Suzuki reiterated yesterday’s warning from his Vice Minister for International Affairs that […] More
