Central Bank Watch
Interest Rate Hikes in Indonesia, the Philippines and Czech Republic but a Cut in Brazil
June 18, 2026
Bank Indonesia’s 25-basis point rate hike to 5.75% followed an unscheduled review just eight days earlier and an initial tightening done in May. The haste implied by this sequence of increases totaling a full percentage point has been motivated by inflation of 3.1% that exceeds the 2.5% target mid-point but even more so by the […] More
New Overnight Developments Abroad - Daily Update
Trump Eating Crow After Getting Less Than He Wanted from Iran War and the Federal Reserve
June 18, 2026
President Trump signed a memo of understanding with Iran to end the war with Iran, reopen the Strait of Hormuz and allow for a period of 60 days to address Iran’s nuclear program and hammer out remaining disagreements. While this signing is viewed as an important step toward reestablishing the supply of energy and other […] More
