Central Bank Watch
Czech National Bank Cuts Rate Again But Keeps Stance in Restrictive Territory
May 2, 2024
The CNB two-week repo rate was lowered by 50 basis points to 5.25% at today’s policy review, bringing the cumulative decline since December to 7.0% where such had previously been since June 2022. The vote to reduce the interest rate was a unanimous one. Czech consumer price inflation was 2.0% in both February and March, […] More
New Overnight Developments Abroad - Daily Update
More Japanese Intervention Suspected and General Relief that Powell Didn’t Put a Rate Hike More Explicitly in Play
May 2, 2024
Dollar/Yen fluctuated in a wide 1.3% trading range overnight. Japan’s Ministry of Finance is suspected of selling more foreign currency to support their currency. Intervention the other day is thought to have exceeded $20 billion. Published minutes today taken from the March Bank of Japan mid-March Board meeting express concern about the yen and voice […] More
