Central Bank Watch
Hungarian National Bank Interest Rates Left Unchanged
August 27, 2019
There was no interest rate change as anticipated at this month’s monetary policy review by the Magyar Nemzeti Bank Council. The base rate has been at 0.90% since a 15-basis point cut in May 2016. The overnight deposit rate was raised 10 basis points last march to -0.05%, reversing a similarly sized cut in September […] More
New Overnight Developments Abroad - Daily Update
Continuing Confusion over Status of U.S.-Sino Trade Dispute
August 27, 2019
Monday’s mixed signals about whether there had been a weekend overture between Trump and Chinese officials to resume trade talks has not been clarified. The yuan meanwhile slid another 0.1% on net and touched an intra-day low of 7.1692 per dollar, 4.0% lower than its end-July value. Against other key currencies overnight, the dollar fell […] More
