Archive for November 29th, 2011

Central Bank Watch

A 50-Basis Point Rate Hike in Hungary

November 29, 2011

A diversity of opinion had preceded today’s meeting of policymakers on the Monetary Council of the Magyar Nemzeti Bank, and the decision to raise the two-week deposit rate to 6.5% from 6.0% matched the most common forecast.  The benchmark’s cyclical low of 5.25% occurred from April 2010 until the monthly meeting one year ago in […] More

New Overnight Developments Abroad - Daily Update

Sanguine Market tone Amid Data Deluge

November 29, 2011

Stocks and commodities are mostly higher, and the dollar has given back more ground.  Italian sovereign debt auctions fetched much higher yields but were mostly subscribed.  EU finance ministers meet today in Brussels ahead of the semi-annual leaders summit on December 9.  One piece of key unfinished business concerns the details over how to enlarge […] More