Archive for October 28th, 2014

Central Bank Watch

Magyar Nemzeti Bank

October 28, 2014

Hungary’s benchmark interest rate was reduced at every monthly meeting over the two years between August 2012 and July 2014, falling to 2.1% from 7.0%.  It is now time to retain the low interest rate for an extended time frame through at least the end of 2015.  That’s the reaffirmed message of today’s statement that […] More

Central Bank Watch

A Full-Court Press to Lift Inflation in Sweden

October 28, 2014

Drastically low inflation and expected inflation call for extraordinary action.  The Executive Board lopped off the last 25 basis points on its benchmark repo rate today.  The interest rate had been at 2.0% prior to December 2011 but reduced a percentage point to 1.0% by end-2012.  Another cut of 25 bps was administered in December […] More

New Overnight Developments Abroad - Daily Update

Some Good Economic News for a Change

October 28, 2014

Industrial profits in China reverted to positive on-year growth in September, albeit a gain of only 0.4%.  A 0.6% decline in the year to August was negative for the first time in almost two years. Japanese retail sales increased 2.7% on month in September, three times more than forecast, and posted the largest on-year advance, […] More

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