Central Bank Watch
Filipino Rate Cut
December 19, 2024
As analysts were expecting, a 25-basis point interest rate cut was announced today at the Central Bank of the Philippines. At 5.75%, the new rate will be its lowest in 22 months and down from 6.50% maintained from October 2023 until an initial cut in August 2024. Inflation is projected to stay under the 2-4% […] More
Central Bank Watch
Swedish Riksbank Interest Rate Cut Gets Closer to Cycle’s End
December 19, 2024
The Swedish Riksbank has been administering a cycle of interest rate reduction since May 2024, which including today’s 25-basis point cut to 2.50% brings the cumulative relief to 150 basis points. Swedish CPI inflation has been under the 2.0% target for four straight months including 1.6% in November, which represents a 40-month low and drop […] More
New Overnight Developments Abroad - Daily Update
Many More Central Banks Announce Interest Rate Decisions, Third-Quarter U.S. GDP Gets Revised Higher, And A Possible U.S. Government Shutdown Looms
December 19, 2024
World financial markets reacted sharply and immediately to yesterday’s shift in Fed forward rate guidance that now suggests only two rate cuts, not four, during 2025. Then in overnight market action, U.S. stock futures recovered about 0.7%. Share prices in the Pacific Rim 1.0% or more in South Korea, Indonesia, Taiwan, New Zealand, and India […] More
