Central Bank Watch
Central Bank Interest Rates Raised in South Korea and the Philippines
August 27, 2026
entral bank interest rates were hiked by 25 basis points today in South Korea and the Philippines to 3.0% and 5.0%, respectively. In South Korea’s case, this was the second such tightening in a row from a 2.5% base maintained from May 2025 until the monthly review this past July. Despite slightly lower inflation in […] More
New Overnight Developments Abroad - Daily Update
Steady Dollar and Two Asian Central Banks Hike Interest Rates
August 27, 2026
Dollar changes this Thursday have been unremarkable. Nvdia earnings last quarter exceeded optimistic expectations. The tech-intensive Nasdaq is 1.2% higher mid-morning EDT. More general jitters about AI, the Middle East war, and U.S. trade policies are associated with little change in other major U.S. stock market barometers. Pac Rimequities were mixed today, with the Korean […] More
