Central Bank Watch
Armenian and Kyrgyzstani Central Bank Rate Cuts
April 30, 2024
The Central Bank of Armenia‘s refinancing rate recorded its eighth reduction, dropping 25 basis points to 8.25%. From a high of 10.75% from December 2022 until an initial rate cut last June, the rate has so far been lowered by 250 basis points. With sub-zero consumer price inflation since November versus a medium-term target of […] More
New Overnight Developments Abroad - Daily Update
Much Data Out But Main Attention Turning to Fed as FOMC Begins Policy Review
April 30, 2024
The Federal Open Market Committee begins a two-day review of U.S. monetary policy today. No policy changes are anticipated, but Chairman Powell’s press conference is bound to reaffirm the increasingly hawkish message conveyed in various rhetorical remarks by Fed officials since the March meeting. The dollar is closing out the month of April on an […] More
