Central Bank Watch
Jamaican Central Bank Interest Rate Cut
December 23, 2024
The latest central bank to announce the result of its last monetary policy review of 2024 is the Bank of Jamaica. Officials there reduced the interest rate by 25 basis points to 6.0%. This was the fourth such cut since August. The rate previously had been held at 7.0% since December 2022. Jamaican consumer price […] More
New Overnight Developments Abroad - Daily Update
The Start of Christmas Week Finds Dollar Atypically Well-Bid
December 23, 2024
More years than not since the onset of flexible dollar rates, the U.S. currency has exhibited a soft tendency in late December. This seasonal bias was especially pronounced early on, as the dollar fell against the Deutsche mark between mid-December and yearend 13 of 14 times from 1974 through 1987. But compared to closing levels […] More
