Central Bank Watch
Percentage Point Cut in Overnight Deposit Rate Still Leaves Such at 24%, well above 13.9% CPI Inflation
May 22, 2025
Today’s interest rate cut at the Central Bank of Egypt had been anticipated but was considerably smaller than prior and initial cut of 225 basis points done in April. A released statement attributes a significant deceleration of inflation in this year’s first quarter to “monetary tightening, favorable base effects, and the fading impact of previous […] More
Central Bank Watch
Sri Lankan Interest Rate Cut
May 22, 2025
The Central Bank of Sri Lanka also reduced its policy interest rate by 25 basis points from 8% to 7.75%. In light of a rise in Sri Lankan consumer price deflation of -2.0% in April versus -4.2% just two months earlier, analysts were not expecting a cut. The previous two moves were done last November […] More
New Overnight Developments Abroad - Daily Update
The Sounds of Chaos
May 22, 2025
In the wake of the tax-cutting and deficit-engorging bill approved by the U.S. House of Representatives last night, The 30-year Treasury bond yield rose as high as 5.154%, its most elevated level since mid-2007 just weeks before the start of the subprime financial market crisis that triggered the global great recession. Ten-year bond yields climbed […] More
