Central Bank Watch
South Africa’s Second Central Bank Rate Cut Size of 25 Basis Points Matched Expectations
November 21, 2024
The South African Reserve Bank policy interest rate was cut today to a 19-month low of 7.75%. A peak of 8.25% was maintained for 16 months from May 2023 until an initial reduction of 25 basis points at the previous policy review in September. Consumer price inflation in South Africa has decelerated from 7.8% in […] More
New Overnight Developments Abroad - Daily Update
Russia’s War Takes a Provocative Step, and Crypto Experiences Another Strong Session
November 21, 2024
Geopolitical tensions dominated overnight financial market trading. Data flow has been light, but still ahead are several U.S. releases plus the outcomes of monetary policy reviews in Turkey and South Africa. For the first time since Russia invaded Ukraine nearly three years ago, Russia fired an ICBM aimed at the city of Dnipro. No word […] More
