Central Bank Watch
National Bank of Poland’s Reference Interest Rate Lowered 25 Basis Points to 4.5%
October 9, 2025
The interest rate target hasn’t been as low as the new level since just before a 75-basis point hike in May 2022. The adjustment today was the fourth cut since May, and the combined drop since then has been 125 basis points. A steady 5.75% maintained for over a year was in turn preceded by […] More
Central Bank Watch
Filipino Central Bank Interest Rate Cut
October 9, 2025
The overnight Filipino deposit rate was cut today by 25 basis points further to 4.75% in a move that had not been predicted by analysts. This was the seventh such reduction since August 2024 and was made in spite of a near doubling of on-year consumer price inflation in the Philippines from 0.9% in July […] More
New Overnight Developments Abroad - Daily Update
Awaiting Powell’s Speech
October 9, 2025
There’s been little reaction to news that Hamas and Israel reached a deal that is supposed to allow an exchange of hostages and prisoners and pave the way to a ceasefire in Gaza by the weekend. Financial market attention is instead focused on Fed policy. In the wake of yesterday’s published FOMC minutes that showed […] More
