Central Bank Watch
Further Monetary Easing in Hungary
September 25, 2012
August’s first Hungarian central bank rate cut since April 2010 has been followed up with a second reduction of 25 basis points. The deposit rate and two-week MNB bill rate are both now at 6.5%. Analysts had been split between those expecting Magyar Nemzeti Bank officials not to change rates this month and others looking […] More
New Overnight Developments Abroad - Daily Update
Uneasiness about Europe
September 25, 2012
Numerous concerns persist about the euro area debt crisis. Will a banking union get formed? Will Spain submit to outside conditional aid? Does the Bundesbank have a hidden agenda to torpedo the monetary union? What’s to be done about Greece, which seemingly cannot meet its bailout macroeconomic promises? Doomsayer Nouriel Roubini, NYU’s pessimistic economics professor, […] More
