Archive for February 21st, 2011

Central Bank Watch

Hungarian Monetary Policy Paused After Three Rate Increases

February 21, 2011

Following increases of Magyar Nemzeti Bank’s Base Rate by 25 basis points each on November 29, December 20, and January 24, such was left steady at 6.25% this month.  625 basis points of easing was provided in fourteen steps from November 2008 to April 2010.  Real GDP is expected to expand in both 2011 and […] More

New Overnight Developments Abroad - Daily Update

Geopolitical Tensions Boost Commodity Prices

February 21, 2011

North American markets will be closed today to commemorate President’s Day in the United States and Family Day in Canada.  Wintry weather has returned to the Northeast. China too has caught the contagious bug of social unrest.  President Hu urged tighter controls of the internet.  High food costs, as in the middle east, have been […] More