Central Bank Watch
Another New Zealand Interest Rate Cut
May 28, 2025
The reduction to 3.25% from 3.50% in policy interest rate of the Reserve Bank of New Zealand returns such to its lowest level since October 2022 and brings the cumulative decline to 225 basis points from a peak of 5.50% sustained from September 2023 until August 2024. The 5-1 vote to cut the rate today […] More
Foreign Exchange Insights and Next Week
Higher Long-Term Interest Rates But Scant Changes So Far Today in Dollar or Equities
May 28, 2025
The 10-year Japanese JGB yield climbed five basis points this Wednesday back to 1.50% despite a warning from Bank of Japan Governor Ueda that volatile long-term rates carry risk. Other 10-year sovereign debt yields have risen by 3 basis points in the U.K., 2 bps in the United States, and a basis point in Germany, […] More
