Yubi Daily Wrap

Macro updates

The Bank of England (BoE) and the European Central Bank eased the pace of its interest rate hikes, bumping them by 50 basis points on Thursday but stressed significant tightening remained ahead and laid out plans to drain cash from the financial system as part of a dogged fight against runaway inflation.

RBI will issue two tranches of Sovereign Gold Bonds, which will open for public subscription in December and March. Sovereign Gold Bonds (SGBs) 2022-23-Series III will open for subscription during December 19-December 23 and 2022-23-Series IV during March 06-10, 2023, the finance ministry said.

December 16, 2022

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