Central Bank Watch
Greater-Than-Forecast Pakistani Interest Rate Cut
June 10, 2024
The first interest rate cut at the State Bank of Pakistan since June 2020 has been announced, and the 150-basis point size of the reduction to 20.5% exceeded analyst expectations. Pakistani CPI inflation slowed from 38.0% in May 2023 to 11.8% one year later. In cutting their interest rate, officials noted a ” continued moderation […] More
New Overnight Developments Abroad - Daily Update
Political Strains and Assorted Economic Data Releases
June 10, 2024
Monday finds politics in the forefront: A key centrist in the Israeli ruling cabinet resigned, making Prime Minister Netanyahu even more dependent on the extreme right-wing element of his his government. In the continuing absence of a peace-for-hostages settlement, Israel’s rescue of a few hostages at the expense of hundreds more lives has dealt a […] More
