Central Bank Watch
First South Korean Central Bank Rate Hike Since January 2023 and More Moves Likely to Follow
July 15, 2026
The Bank of Korea Board decided unanimously to raise the one-week repo rate to 2.75% from 2.50%, noting that inflation is likely to stay above the 2.0% target for “a considerable time,”citing improve economic demand, and expressing some concern about the won, housing price inflation and household debt. The statement of explanation concludes that officials […] More
New Overnight Developments Abroad - Daily Update
Endless Wars, Chinese Data Reports, More Testimony from Warsh, and an Upcoming Canadian Interest Rate Announcement
July 15, 2026
The twin wars between Russia and Ukraine and over the Strait of Hormuz are escalating and remain stalemated. The price of WTI oil is around $80 per barrel and 0.8% higher than yesterday. Fed Chairman Kevin Warsh will be reprising yesterday’s congressional testimony, this time before the Senate Banking Committee. Unlike earlier this decade, he […] More
