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Saturday, April 29, 2023

25-Basis Point Hike of Central Bank of Colombia’s Interest Rate

A split vote agreed to yet another 25-basis point interest rate hike at April’s monetary policy review. The new 13.25% interest rate is the third increase of 2023, defying expectations of a pause. Two of the seven policymakers favored not changing the rate level, but a separate minority of one voted for a 50-basis point […]

* This article was originally published here

Friday, April 21, 2023

Pound Euro Exchange Rate News: GBP/EUR Fluctuated as UK Narrowly Avoids Recession

Pound (GBP) Supported by Surprise GDP Growth The Pound (GBP) experienced mixed fortunes on Friday morning in the wake of GDP growth surprising to the upside. Against expectations of flatlining GDP growth for the last three months of 2022, the final reading came in at a 0.1% increase. Avoiding a second quarter of...

* This article was originally published here

Wednesday, April 19, 2023

More Evidence of Slower Inflation Reported

Ahead of the U.S. producer price data releases, ten-year sovereign bond yields were sporting increases of 4 basis points in the United States and two basis points in Germany, France and Great Britain. The 10-year Japanese JGB yield, in contrast, had eased two basis points. The dollar is softer, with losses of 0.7% against the […]

* This article was originally published here