Foreign Exchange Insights and Next Week
Next Week’s Menu: September 14-20, 2024
September 13, 2024
Central Banks: Monetary policies will be reviewed at the Fed, Bank of Japan, Bank of England, Bank of Norway, Bank Indonesia, People’s Bank of China, Central Bank of Turkey, Central Bank of Brazil, South African Reserve Bank, Central Bank of the Republic of China, and National Bank of Moldova. The FOMC will update its macro […] More
Central Bank Watch
Central Bank Rate Hike to 19% in Russia
September 13, 2024
Officials at the Central Bank of Russia face an altogether different set of circumstances due to President Putin’s attempt to restore the Russian Empire. CPI inflation has reaccelerated from 2.3% in April 2023 to a 13-month high of 9.1%. After the latest review of policy, officials released a statement today than announces a two percentage […] More
Central Bank Watch
Peruvian Interest Rate Cut
September 13, 2024
There has been a 25-basis point further cut in the reference interest rate of the Central Reserve Bank of Peru. The new 5.25% level constitutes a 27-month low and is down from the 7.75% peak maintained from June 2023 until September 2023. According to a released statement, “Year-on-year inflation is projected to stay within the […] More
New Overnight Developments Abroad - Daily Update
Persistent Doubt Over Size of Next Week’s Fed Interest Rate Cut
September 13, 2024
One of the hallmarks of the Federal Reserve’s quest during the past two decades for a more transparent U.S. monetary policy has been to avoid if at all possible surprising market participants. That means verbally preparing investors to expect a change in policy before it actually happens, not only from a timing perspective but also […] More
