Fresh Developments Driving Investor Hopes

November 15, 2022

Equities in the Pacific Rim rose by 4.1% in Hong Kong, 2.6% in Taiwan, and 1.6% in China as yesterday’s talks between the presidents of the United States and China went as well as could have been expected considering their government’s significant differences. The South Korean Kospi rose only 0.2%, and Japan’s Nikkei dipped 0.1%. […] More

Next Week’s Menu: November 12 -18, 2022

November 11, 2022

Central Banks: Interest rate decisions are scheduled in Thailand, China, Indonesia and the Philippines. Minutes from the last Reserve Bank of Australia Board meeting will be published. Special Events: U.S. President Biden and China President Xi Jinping hold their first face-to-face meeting as respective national leaders. They will meet in Bali Indonesia on Monday and […] More

75-Basis Point British Central Bank Rate Hike Decided by 7-2 Vote

November 3, 2022

The Bank of England’s Monetary Policy Committee voted 7-2 to lift the Bank Rate to 3.0%, its highest level in 14 years. The dissenting opinions favored smaller hikes of 50 bps by one and 25 bps by the other. This was the first time in over three decades that the Bank Rate has been raised […] More

Fifteenth Straight Peruvian Central Bank Rate Hike

October 7, 2022

The policy interest rate at the Central Reserve Bank of Peru was increased late yesterday by 25 basis points to 7.0%. Rate tightening in Peru began back in August 2021 from a pandemic base of 0.25% reached after back-to-back reductions of a full percentage point in March and April of 2020. There had been a […] More

Bank of Mexico Interest Rate Hiked Again

September 30, 2022

The Bank of Mexico overnight interbank rate has been increased by 75 basis points to 9.25%. The size of the increase matches the prior move in June and brings the combined increase since June 2021 to 550 basis points. The Governing Board expresses continuing determination “to set a policy rate that is consistent at all […] More

Dollar and Stock Markets Partly Reverse Direction as Jackson Hole Symposium Kicks Off

August 25, 2022

In overnight action, the dollar fell 0.8% against the Australian dollar and 0.5% versus the kiwi. The greenback eased back only 0.2%, however, relative to the euro, yen, Swiss franc, sterling, loonie and weighted DXY index. StockĀ  markets advanced 3.6% in Hong Kong, 1.2% in South Korea, 1.0% in China, 0.9% in Taiwan, 0.6% in […] More

Weak Data Amplifies Market Concern and Confusion Over Direction of Monetary Policies

August 23, 2022

The question haunting investors continues to be the reaction function of the Fed and other central banks faced with weakening demand and tentative signs that inflation may be leveling off. Rhetorically, central bankers are giving not indication of a readiness to stop their rapid rise in interest rates, and two more central banks have raised […] More

Next Week’s Menu: April 16 – 22, 2022

April 15, 2022

Central Banks: There are scheduled monetary policy reviews next week in Indonesia and China. Minutes from the last Reserve Bank of Australia board meeting will be published, and so will the Federal Reserve’s Beige Book of regional economic conditions. Holidays and Events: Easter Monday will be observed in several countries, including Great Britain, Germany, France, […] More

Bank of Japan

January 18, 2022

The Bank of Japan Board, which held its first scheduled policy review of 2022 yesterday and today has as yet not plan or inclination to debate whether and when to start raising its rates. According to the Board’s latest statement, the short-term interest rate will remain at -0.10%, and quantitative stimulus will continue with the […] More

Next Week’s Menu: December 18 – 24, 2021

December 17, 2021

Central Banks: Monetary policies in the Czech Republic and Thailand will be reviewed. The People’s Bank of China’s monthly setting for 1- and 5-year loan prime rates occurs, and minutes will be published from the last Reserve Bank of Australia Board meeting. Numerous Market Closures Friday for Christmas Eve: Including Germany, France, Italy, Switzerland, Italy, […] More