Archive for February 23rd, 2016

Central Bank Watch

Hungarian National Bank

February 23, 2016

The central bank monetary council agreed again to leave Hungary’s base rate at 1.35% but left the door open to possible further easing of an already accommodative stance.  In any case, there will not be any tightening in the forecast policy horizon since expected inflation is at an historic low according to a released statement.  […] More

Central Bank Watch

Central Bank of the Republic of Turkey

February 23, 2016

The change in Turkish central bank interest rates was announced a year ago tomorrow.  At that time, the one week repo rate and overnight borrowing rate were sliced by 25 basis points to 7.5%, and 7.25%, respectively, while the overnight lending rate was reduced 50 basis points to 10.75%.  Those rate levels will be continue […] More

New Overnight Developments Abroad - Daily Update

Fresh Focus on Chinese Policy

February 23, 2016

China again has been the straw that stirred things us.  The catalyst today was the largest daily reduction of the yuan’s fixing value by officials at the People’s Bank of China in several weeks.  The result was renewed risk aversion. A secondary depressant was a weaker-than-expected German business climate in February reported by the Ifo […] More

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