Central Bank Watch
Interest Rate Cut in Israel
July 8, 2026
On the central banking front, officials at the Bank of Israel completed a review of monetary policy, and as expected cut the central bank’s interest rate for a second straight time by 25 basis points. This was the fifth reduction of that size since January 2024 and trims the interest rate at 3.50%, its lowest […] More
Central Bank Watch
New Zealand Interest Rate Hike
July 8, 2026
The Reserve Bank of New Zealand’s Official Cash Rate today was lifted 25 basis points to 2.50% in an expected move that reverses a cut of that size made last November that had been the final element of a nine-step easing cycle that began in August 2024 and that totaled 325 basis points. Explaining today’s […] More
New Overnight Developments Abroad - Daily Update
Trump Remarks at NATO Summit Rattle Investors
July 8, 2026
More than a month before the negotiating window prescribed in the Memorandum of Understanding between the U.S. and Iranian governments is supposed to end, President Trump declared the interim “ceasefire over as far as he is concerned.” He grabbed the summit spotlight in other ways, for instance calling Spain a “terrible NATO partner,” but the […] More
