Central Bank of Uzbekistan
Central Banks Move Further Into the Spotlight
April 29, 2026
The Federal Open Market Committee is expected to announce an unchanged federal funds target range of 3.50-3.75% at 14:00 EDT today. This is the last scheduled meeting of the Jay Powell chairmanship, although his Trump-nominated successor Kevin Warsh has not yet been confirmed by the senate. The last interest rate change was made in December. […] More
U.S. PPI, Fed Decision and Powell’s Press Conference Loom on a Day With Many Other Central Bank Rate Decisions as Well
March 18, 2026
There’s been scant net movement in the dollar overnight. The Federal Open Market Committee is not expected to change the 3.5-3.75% federal funds target range, but today’s meeting has created considerable attention. It’s Chairman Powell’s next-to-last meeting as chairman, but he could stay on the committee into 2028 when his 14-year term as an at-large […] 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
Markets Steady As Investors Await ECB Decision, U.S. August CPI Figures, and Fallout from Shooting of Charlie Kirk
September 11, 2025
Two and a half hours prior to U.S. released consumer price data, the weighted DXY dollar index was marginally above Wednesday closing levels. Gains ranged from 0.1% against the euro and Swiss franc to 0.3% relative to the yen and Canadian, New Zealand and Australian currencies. Ten-year sovereign debt yields had risen a basis point […] More
A Central Bank Interest Rate Hike in Uzbekistan but a Cut in Switzerland
March 20, 2025
Uzbekistan is a different case altogether, and its circumstances call for progressive tightening. Officials at the Central Bank of Uzbekistan today raised their policy rate by half a percentage point back to 14.0%, matching a level that prevailed from March 2024 to July 2024 and before that from September 2020 to March 2022. CPI inflation […] More
Central Bank Roll Call
March 20, 2025
The immediate sigh of relief by market participants — expressed in higher share prices and a retreat of the 10-year Treasury yield — to yesterday’s Federal Reserve show quickly wore off during overnight hours. Less emphasis has been attached to the unchanged Fed signal of likely two interest rate cuts later this year and to […] More
Four Central Banks Announce Interest Rate Decisions and Several Economies Report on Consumer Sentiment
January 23, 2025
Financial market movements around the world have been pretty inconsequential so far this Thursday, with little net movement in either the dollar or major stock markets aside from a 0.8% rise in Japan’s Nikkei. Ten-year sovereign debt yields rose three basis points in the United States and France, four bps in Italy but just a […] More
25-Basis Point Interest Rate Cut By ECB; Coming Fed Rate Unlikely to Exceed That Increment
September 12, 2024
Like yesterday’s release of U.S. consumer prices, today’s producer price data pose no resistance to an initial 25-basis point cut of the federal funds rate but are unlikely to warrant a larger reduction by the Federal Open Market Committee next Wednesday. Overall producer prices went up 0.2% versus an expected 0.1%, but their level was […] More
Central Bank of Uzbekistan
July 25, 2024
The Central Bank of Uzbekistan’s policy interest rate was cut today to 13.5% from 14.0%, where such had been since March 2023. The new rate level is its lowest level since mid-2017. A three-percentage point rate hike in March 2o22 after the invasion of Ukraine by Russia had been followed by one-percentage point cuts in […] More
Several Data Surprises Accentuate Healthier U.S. Economy than Found in Other Countries
July 25, 2024
A 2.8% annualized quarter-on-quarter U.S. growth rate in April-June was twice the pace in the prior quarter and beat analyst expectation by three-quarters of a percentage point. Positive contributions to GDP growth were made by personal consumption (1.6 percentage points ppts) and non-residential business investment (0.7 ppts),and inventory growth more than offset the 0.7 ppt […] More
