Central Bank Watch
25-Basis Point Central Bank Interest Rate Cuts in the Philippines and Norway
June 19, 2025
The Central Bank of the Philippines’ policy interest rate was cut today by 25 basis points to 5.25%, a 30-month low. This move was the fifth quarter percentage point drop since last August. Consumer price inflation of 1.3% last month was at a 56-month low and under the central bank’s target of 2-4%. Projected consumer […] More
Central Bank Watch
Brazilian Interest Rate Hike
June 19, 2025
The Central Bank of Brazil’s Selic interest rate was increased by another 25 basis points to 15.0%, which represents its greatest elevation in a little more than a decade. The vote was unanimous, and the new rate is up from 10.5% as recently as last September. Brazilian CPI inflation of 5.3% last month and measures […] More
Central Bank Watch
Swiss Interest Rate Cut to Zero Percent
June 19, 2025
The Swiss National Bank policy interest rate as expected was sliced 25 basis points to zero percent, its lowest level since September 2022 and down from a peak of 1.75% reached in June 2023 and maintained until an initial cut in March 2024. Swiss consumer price inflation turned negative (-0.1%) in May for the first […] More
New Overnight Developments Abroad - Daily Update
A U.S. Holiday and Many Central Bank Policy Reviews
June 19, 2025
In spite of the current U.S. govenment’s crusade against DEI, June 19 remains a federal holiday commemorating the end of slavery in 1865. Banks, the U.S. stock exchanges and non-essential federal offices are shut. In overnight trading abroad, the dollar rose 0.8% against the kiwi, 0.5% versus the Australian dollar, and 0.4% relative to the […] More
