Archive for August 25th, 2020

Central Bank Watch

Hungary’s Central Bank Rate Left at 0.60%, But Officials Warn of Chance that Covid Delivers a Second Blow

August 25, 2020

There’s little remarkable in today’s Hungarian Monetary Council decision to leave its central bank base rate unchanged at 0.90%. To counter economic damage from the Covid-19 pandemic, officials engineered rate cuts of 15 basis points each at their policy reviews in June and July. Also CPI inflation rose in Hungary to 3.8% last month a […] More

New Overnight Developments Abroad - Daily Update

Some Encouraging U.S.-Sino Trade News Fans Investor Sentiment Further

August 25, 2020

Equity markets had rallied strongly on Monday and then received a further lift overnight from the news that U.S. and Chinese trade negotiators reported progress and reaffirmed that the Phase I trade deal remains effective. In other overnight developments, The Republican Party National Convention kicked off with loads of fear-mongering directed at the Democratic Party […] More

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