Central Bank Watch
Another Hungarian Central Bank Base Rate Reduction
April 21, 2015
The Monetary Council at Magyar Nemzeti Bank sliced its base rate by 15 basis points to 1.95%. A similar-sized cut at the March monthly meeting had broken a policy pause over the eight prior months. For two years from August 2012 through July 2014, policy was loosened every month, taking the base rate from 7.0% […] More
New Overnight Developments Abroad - Daily Update
Greek Deficit Worries Depress Euro
April 21, 2015
The dollar rose overnight by 0.5% against the euro, 0.3% versus the Swiss franc, 0.2% vis-a-vis the yen and sterling, and 0.1% relative to the loonie but is unchanged against the yuan and Australian dollar and down 0.4% against the kiwi. Greek share prices have slumped 3.3%. The Chinese and Hong Kong stock markets closed […] More
