Central Bank Watch
ECB Rate Cut Aligned With Market Expectations and Balanced by Explicit Non-Commitment to Any Particular Future Path In Rates
June 6, 2024
The ECB’s first interest rate cut since 2016 was by just 25 basis points and clearly telegraphed to market participants in advance. The refinancing rate had been lifted from zero percent sustained for over six years through July 2022 to 2.50% by end-2022 and 4.50% by September 2023. Such now becomes 4.25% and will be […] More
New Overnight Developments Abroad - Daily Update
Europe Commanding the Spotlight
June 6, 2024
Today’s 80th anniversary of the D-Day assault on Normandy Beaches finds Continental Europe at another crossroads. Allied defenders of democracy have struggled to maintain a cohesive response to the challenges posed by the axis of Russia, China and Iran as well as the troubling war between Israel and Hamas. European Union parliamentary elections begin today […] More
