Central Bank of Russia
Bumps in the Path of Full Middle Eastern Peace
June 19, 2026
In the United States, neither banks nor stock market trading will be open on this federal holiday of Juneteenth, commemorating the end of slavery 161 years ago. Elsewhere, there have been setbacks in the Middle Eastern peace process. The 14-point memorandum of understanding was signed earlier in France, and no talks between Iran and the […] More
Another Russian Central Bank Rate Cut
April 24, 2026
As expected, the Central Bank of Russia cut its key rate by a further 50 basis points to 14.5%. This was the fifth such reduction since October and brings the cumulative drop to 650 basis points since this cycle began in June 2025. At the newly reduced interest rate level, monetary policy remains restrictive when […] More
With No Fresh Shift in Middle East Crisis, Market Attention Shifts to Resilient Corporate Earnings Reports
April 24, 2026
The dollar slid 0.1-0.2% overnight against major currencies but rose 0.5% against the beleaguered Indonesian rupiah. Major U.S. equity indices were lifted by better-than-presumed first-quarter corporate profits in firms such as Intel, HCA Healthcare and Procter & Gamble. Among stock exchanges in other countries, Japan’s Nikkei 225 closed 1.0% higher, while India’s Sensex fell 1.3%. […] More
A Seventh Central Bank Interest Rate Cut in Russia
March 20, 2026
The other central bank rate decision today involved an as-expected 50-basis point cut in the Central Bank of Russia‘s benchmark to 15.0%, its lowest level since December 2023. From a peak of 21% reached in October 2024 and maintained until June 2025, seven reductions totaling six percentage points have now been made. Russian consumer price […] More
Dollar Mixed, Equities Down, Bond Yields Higher, and Mood Remains Fearful
March 20, 2026
In overnight trading, the dollar rose 0.6% against the Japanese yen and 0.8% versus the South Korean won but slipped 0.3% relative to the Canadian dollar and 0.1% against the Swissy, euro and sterling. A five-basis point advance in the ten-year U.S. Treasury yield exceeds rises of three basis points in comparable sovereign debt yields […] More
Equities Withstand Japanese Rate Hike
December 19, 2025
As widely anticipated, the Bank of Japan implemented its first interest rate increase in 11 months. At 0.75%, the short-term deposit facility has attained its highest level in in just over three decades. Today’s fourth increase since March 2024 won unanimous approval by the central bank board after 5 hours of deliberation, but monetary officials […] More
Russian Interest rate Cut
October 24, 2025
The Bank of Russia’s policy interest rate was unexpectedly reduced by 50 basis points to 16.5%. The rate had been cut at each of the prior three reviews by a combined 400 basis points from 21% to 17%, and hopes of an early end to the war with Ukraine, which has been Russia’s main inflationary […] More
September U.S. CPI Inflation a Tad Lower Than Forecast; Preliminary October PMI Survey Results Out Too
October 24, 2025
Only a discernibly worse U.S. inflation report than anticipated was likely to dampen high expectations of a Federal Reserve interest rate cut next week, and that danger has been averted. Although up 0.1 percentage point to an 8-month high of 3.0% in September, total consumer price inflation was below the consensus forecast of 3.1%, and […] More
Dollar and 10-Year Sovereign Debt Yields a Bit Higher, But Bitcoin and Gold Prices Slip
July 25, 2025
The weighted DXY dollar index climbed 0.4% overnight, lifted by a 0.5% advance against the yen and sterling but a smaller dollar gain of 0.2% relative to the euro and Swiss franc. The dollar rose 0.4% against the Australian dollar, 0.3% versus the Canadian and New Zealand dollars, and 0.2% against Mexico’s peso. Ten year […] More
Dollar, U.S. Stock Futures, 10-Year Treasury Yield and Prices of Oil and Bitcoin Down Marginally as Another Frenzied Week Winds Down
March 21, 2025
Market Movements Overnight: The weighted DXY dollar index edged 0.1% lower overnight, with dips of 0.2% against the Swiss franc but no change versus the yen or euro. In pre-open futures stock trading, major U.S. indices softened 0.3-0.4%. A three-basis point additional drop in the 10-year Treasury yield has been matched by the movement in […] More
