Central Bank Watch
State Bank of Morocco Begins Interest Rate Down-Cycle
June 25, 2024
Morocco’s central bank interest rate has been cut by 25 basis points to 2.75%. Such had been kept at 3.0% for the previous 15 months, double its mid-2020 to September 2022 level. Consumer price inflation crested early in 2023 at 10.1% overall and 8.3% among non-volatile core items and showed considerably lower readings last month […] More
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Aside from a Drop in European Share Prices, Financial Markets in a Wait-and-See Mode
June 25, 2024
There been no net movement in the dollar overnight against the Swiss franc, sterling or Canadian, Australian and New Zealand currencies. The yen managed to stay just barely on the strong side of the 160 per dollar, and Bitcoin likewise recouped 1.5% rather than fall below the key $60,000 dollar threshold. Stock markets in Japan […] More
