Central Bank Watch
Third Egyptian Central Bank Rate Cut Since April
August 28, 2025
The Central Bank of Egypt’s new policy interest rate level will be 22.0%, still considerably north of year-on-year CPI inflation (13.9%) as of July. Along with reductions done in April and May, today’s as-expected two percentage point cut means that all but 75 basis points of a six percentage point increase in March 2024 has […] More
Central Bank Watch
Interest Rate Cut in the Philippines
August 28, 2025
In the Philippines where on-year CPI inflation in July printed at a 69-month low of 0.9%, officials at Bangko Sentral ng Pilipinas cut their key interest rate by another 25 percentage points to a 33-month low of 5.0%. This expected move brings cumulative rate reduction over the past year to 150 basis points. Filipino inflation […] More
New Overnight Developments Abroad - Daily Update
Revised U.S. GDP, Euroland Economic Sentiment, and ECB Minutes in Today’s Headlines
August 28, 2025
The dollar lost marginal ground overnight, including dips of 0.2% against the euro and yen. In contrast to one-basis point upticks in the U.S. and German ten-year sovereign debt yields, those of other key economies slipped such as 3 basis points in Italy, two bps in France and Great Britain, and one basis point in […] More
