Yubi Daily Wrap

Macro Updates

Federal Reserve Chair Jerome Powell stuck to his message that interest rates need to keep rising to quash inflation and this time, the bond market listened. In particular, Powell floated the idea during an event in Washington on Tuesday that borrowing costs may reach a higher peak than traders and policymakers anticipate.

As widely expected the Monetary Policy Committee of RBI increased the policy repo rate by 25 basis points to 6.50%.

February 8, 2023

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