National Bank of Serbia

Thursday Spotlight on Central Banks but Attention Also Maintained on Covid and Inflation

September 9, 2021

The dollar fell overnight by 0.3% against the Swiss franc and 0.6% versus sterling but remain unchanged on balance against the euro. Dips of 0.1% occurred against the yen and weighted DXY index. Share prices are higher in the United States and Continental Europe but are down in Great Britain. Earlier in the Pacific Rim, […] More

Yet Another Higher-than-Assumed U.S. Inflation Number and Other Disappointing Data

August 12, 2021

The dollar has edged up 0.1% against the euro, loonie, Swissie, yuan and its weighted DXY index. The dollar climbed 0.5% relative to the Australian and New Zealand dollars but is unchanged so far today versus the Japanese yen. Asian equity markets mostly lost modest ground Thursday, and U.S. share prices are a bit lower […] More

G7 Meetings, ECB Press Conference, and Released CPI and Industrial Production Share Spotlight

June 10, 2021

Climate change and challenges from China and Russia headline the agenda of this year’s Group of Seven summit in Cornwall, U.K.. This is U.S. President Biden’s first summit. The Governing Council of the European Central Bank, as expected, did not modify its accommodative monetary stance nor forward guidance regarding future policy. Key interest rates (a […] More

Bracing for the Potential of More Disruptive U.S. Releases Today

May 13, 2021

Last Friday brought the biggest monthly under-performance of U.S. jobs relative to analyst expectations, and yesterday’s consumer price report crushed market forecasts. Instead of monthly and yearly rises of 0.2% and 3.6%, the total CPI jumped 0.8% on month and to a 151-month year-on-year high of 4.2%. Even worse, core CPI recorded its largest monthly […] More

Spotlight on the United States

April 13, 2021

U.S. consumer prices rose 0.6% last month, which was marginally more than forecast and the largest month-on-month increase in 103 months. The 2.6% 12-month increase in the CPI was 0.9 percentage points more than in February and constitutes a 31-month  high. The energy component advanced 5.0% on month and 13.2% on year, but non-energy service […] More

Projected Euroland Growth in 2021 Revised Lower

February 11, 2021

Many Asian markets were closed today due to holiday observances. China, Taiwan, Singapore, Hong Kong, and South Korea were among the countries observing the lunar New Year, and Japan celebrated National Foundation Day. The lack of Asian market leadership confined the dollar to narrow ranges. Compared to Wednesday closing levels, the dollar is unchanged on […] More

Serbian Interest Rate Cut

December 10, 2020

The Executive Board of the National Bank of Serbia cut its interest rate by 25 basis points to 1.0% in a move that had not been anticipated by analysts. This brings the total reduction this year to 125 bps following cuts of 50 basis points last March and 25 bps cuts in April and June. […] More

No Deals and Many More Covid Cases… Also Several Central Bank Meetings

December 10, 2020

Talks last night between British Prime Minister Johnson and EU Commission President Von Der Leyden failed to achieve a trade deal. The U.S. senate grinch, Mitch McConnell, put the brakes on efforts to nail down a fiscal stimulus. U.S. Covid deaths yesterday nudged above 3k, and that pace has accelerated to 3,340 over the last […] More

Lower Bond Yields, Mixed Dollar and Softer Equities in Face of Relentless Covid

November 12, 2020

Covid cases in the last 24 hours exceeded 600k and 140k globally and in the United States. Global and U.S. deaths from the illness over the past two days averaged more than 10k and 1.45k per day. While vaccine development seems to be making good progress, a new worry is that Covid’s ability to mutate […] 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

css.php