Archive for April 29th, 2014

Central Bank Watch

Magyar Nemzeti Bank’s Key Interest Rate Lowered to 2.5%

April 29, 2014

Officials at Hungary’s central bank have cut their base rate at every monthly policy meeting since July 2013, but the incremental change has been reduced as slack in the economy has diminished.  A second successive 10-basis point cut decided at today’s meeting leaves the rate level at 2.5%.  There were previous easings of 15 basis […] More

New Overnight Developments Abroad - Daily Update

Data Focus on Europe

April 29, 2014

European stocks have risen 1.5% in Italy, 1.2% in Germany, 0.9% in Spain, 0.5% in Britain and Switzerland and 0.5% in France.  Equities in the Pacific Rim were mixed, with gains of 1.1% in China, 1.5% in Hong Kong, 0.7% in Taiwan and 0.6% in New Zealand but losses of 1.0% in Japan, 0.9% in […] More