Central Bank Watch
Central Bank Interest Rate Changes in Moldova and Iceland
February 5, 2025
The National Bank of Moldova‘s policy rate was raised by 90 basis points today to 6.5%, its highest level since June 2023. Today’s is the second increase this year following one of 30 basis points in January. The rate had been at 3.6% from May 2024 previously. CPI inflation doubled to 7.0% by December from […] More
New Overnight Developments Abroad - Daily Update
Continuing Firestorm of Trump Statements Overwhelms an Otherwise Busy Day of Data Releases and Central Bank Decisions
February 5, 2025
The dollar fell overnight by 0.2% against the euro, Swissy, sterling and Canadian dollar but jumped 1.2% versus China’s yuan and 0.8% relative to the Mexican peso. In other financial market action, Nasdaq futures took a notable hit. Share prices in the Pacific Rim closed up 1.6% in Taiwan, 1.1% in South Korea and 0.5% […] More
Central Bank Watch
Armenian Interest Rate-Cutting Cycle Extended
February 4, 2025
The Central Bank of Armenia’s policy interest rate was cut today by 25 basis points to a 3-1/2-year low of 6.75%. From a peak of 10.5% maintained from December 2022 until June 2023, the Armenian refinancing rate had been cut without interruption by 150 basis points in what remained of 2023 and a further 225 […] More
New Overnight Developments Abroad - Daily Update
Smoke ‘Em If You Got ‘Em
February 4, 2025
Trade warriors took a step back from the brink late yesterday. President Trump temporarily halted plans to impose 25% tariffs against Canada and Mexico, claiming negotiating progress in efforts to stop border crossings into the U.S. from those countries of Fentanyl and undocumented immigrants. In turn Canadian PM Trudeau halted its planned retaliatory levy of […] More
New Overnight Developments Abroad - Daily Update
Highly Anxious Financial Market Mood as Trump Gives Tariff Go-Ahead
February 3, 2025
(206) The dollar has soared and equity markets have plunged in response to the weekend White House announcement of 25% U.S. tariffs against Canada and Mexico and 10% levy against imports from China to go into effect on Tuesday. A tit-for-tat trade war is feared that may spawn higher inflation and interest rates everywhere. Tariffs […] More
Deeper Analysis
January 2025 in Figures
February 1, 2025
Net movements in the dollar last month were minimal despite a change in the U.S. federal government that could have profound effects on the economies of other countries and how such interact with America. Ten-year sovereign debt yields also changed to a lesser extent than in December. European stock markets rallied far more sharply than […] More
