Central Bank Watch
First Hungarian Central Bank Rate Cut since April 2010
August 28, 2012
Hungary’s base rate was cut by officials at the Magyar Nemzeti Bank to 6.75% from 7.0%, breaking a string of 5 rate hikes in November and December 2010 and January, November and December 2011. Officials had recently signaled a bias to ease contingent on a substantial and enduring reduction of Hungary’s risk premium and improved […] More
New Overnight Developments Abroad - Daily Update
A Mixed Bag of Overnight News
August 28, 2012
ECB President Draghi will not be attending the Jackson Hole Symposium. He was previously scheduled to speak on Saturday. The announcement creates more uncertainty about what the Governing Council will decide regarding support for Italian and Spanish bonds. Investors will have to wait until the next meeting on September 6, still ten days away. Japan’s […] More
