Central Bank of Uzbekistan

Slackening Demand and Confidence But Persistently Red-Hot Inflation as Several Central Banks Unveil Latest Policy Decisions

July 21, 2022

The dollar was already lower when the European Central Bank announced a more aggressive rate hike than implied in previous forward guidance. That move pushed the dollar down further such that it currently shows net overnight drops of 0.9% against the euro and 0.6% against the DXY weighted index. By comparison, the dollar is little […] More

European Consumer Confidence Taking a Hit from Putin’s War

April 21, 2022

Irish consumer sentiment sunk 9.3 index points in April to an 18-month low on top of a 10-point slide in March. At 57.7, the index has fallen from 86.8 a half year earlier. Danish consumer confidence printed at a 403-month low of minus 20.9 in April versus readings of -14.4 in March, -3.2 in February […] More

Central Bank Rate Cut in Uzbekistan

September 10, 2020

Officials at the Central Bank of Uzbekistan cut their refinancing rate by a full percentage point to 14.0%. Previously this year, the rate had also been reduced by 100 basis points in April. Inflation subsided in August to 11.7%, confirming the bank’s belief that such would fall and permitting today’s interest rate cut. Copyright 2020, […] More

Wednesday’s Bounce in U.S. Equities Appears Shortlived

September 10, 2020

Risk aversion is back in vogue. Share prices overnight plunged 5.0% in Indonesia and fell by 0.6% in Hong Kong and China. While India and Japan saw advances, stocks in Europe are down 0.6% in the U.K., 0.5% in Switzerland, and 0.2% in France. U.S. futures are also lower. The price of WTI oil fell […] More

Pessimism Gaining Upper Hand in Financial Marketplace

April 15, 2020

Projected contractions in real GDP this year embodied in the IMF’s World Economic Outlook would make this the weakest calendar year economic performance since the early 1930s. The Washington-based group foresees activity falling by 3.0% in the world, 5.9% in the United States, 7.5% in Euroland, 6.5% in the U.K., 6.2% in Canada, and 5.2% […] More

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