Central Bank of Namibia
Month-End, Powell’s Speech, and a Whole Lot of Released Data to Digest
November 30, 2022
Investors are awaiting Fed Chairman Powell’s luncheon speech today at the Brookings Institution, scheduled to start at 13:30 EST (18:30 GMT). The last business day of each month typically offers a very heavy menu of released data. November saw the biggest monthly drop in the dollar in over a decade, as long-term interest rates fell […] More
Kazakhstan, Tajikistan, and Namibia Central Bank Rate Changes
October 26, 2022
Officials at the National Bank of Kazakhstan raised their policy interest rate by 150 basis points to 16.0%, which is more than a 7-year high and which follows seven increases between July 2021 and July 2022 totaling 550 basis points. CPI inflation in Kazakhstan accelerated to a 75-month high of 17.7% in September from 16.1% […] More
Convergence of Fed-ECB Interest Rate Biases Sends Dollar Lower
October 26, 2022
The dollar has prospered throughout 2022 largely because the Federal Reserve had been seen as more aggressive in raising interest rates than the European Central Bank and other central banks. Today’s main market theme is that perhaps the monetary policy gap will not be as wide as thought previously. The ECB Governing Council will likely […] More
ECB Steals Some Attention from the Fed
June 15, 2022
An unscheduled meeting of the European Central Bank Governing Council has been underway for a bit over two hours to consider the bond market selloff and increasing fragmentation of that market that saw a 242-basis point spread at the close of Tuesday trading between 10-year Italian and German sovereign debt yields. That hasn’t be so […] More
Rising Inflation Lifts Interest Rates, the Dollar and the Price of Gold
April 13, 2022
The hope is that March might see inflation crest, but investors have heard that story before only to be disappointed. Fresh on the heals of yesterday’s U.S. March CPI data (a 483-month high of 8.5% in the total index and a 475-month 6.5% high of core CPI), U.S. producer price data arrive today. The Federal […] More
