Central Bank Watch
Ukraine Central Bank Rate Raised by a Percentage Point
January 23, 2025
Ukraine’s geopolitical fate will depend critically on President Trump’s modification of U.S. support. To paraphrase Lady Macbeth, “the attempt and not the deed confounds him.” Trump appears predisposed to pulling the plug, but the risk of a messy exit a la Biden’s withdrawal from Afghanistan may warrant a more nuanced approach. Monetary policy in Ukraine […] More
Central Bank Watch
Turkey Cuts Policy Interest Rate by 250 Basis Points
January 23, 2025
Officials at the Central bank of Turkey followed up a 250-basis point policy interest rate cut at last year’s final review in December with similar cut today to 45.0%. A peak of 50.0% had been maintained from last March until the initial reduction in December. A released statement acknowledges that CPI inflation ended 2024 at […] More
New Overnight Developments Abroad - Daily Update
Four Central Banks Announce Interest Rate Decisions and Several Economies Report on Consumer Sentiment
January 23, 2025
Financial market movements around the world have been pretty inconsequential so far this Thursday, with little net movement in either the dollar or major stock markets aside from a 0.8% rise in Japan’s Nikkei. Ten-year sovereign debt yields rose three basis points in the United States and France, four bps in Italy but just a […] More
