Central Bank Watch
Second Icelandic Central Bank Rate Cut Larger than the First One
November 20, 2024
Iceland’s central bank interest rate had been held at 9.25% from August 2023 until an initial rate cut last month of 25 basis points. Today’s second reduction doubled the size of that increment. A released statement observes a broadly shared disinflation, lessening price expectations, and higher unemployment to justify today’s steeper drop. At 8.5% compared […] More
New Overnight Developments Abroad - Daily Update
Several Points of Focus Today
November 20, 2024
Third-quarter earnings from the Nvidia, which arrive after markets close today, could be highly influential in determining where the stock market goes from here. Forward guidance from the AI chipmaker holds the key. Disinflation and sluggish growth in the euro area are the backdrop to the recent less hawkish tone of ECB officials, but today’s […] More
