National Bank of Hungary

Dollar Up on Day with Two Large News Developments

July 23, 2019

Boris Johnson, who favors a very hard U.K. break with the EU, was selected as the new leader of the British Conservative Party and will thus succeed Theresa May tomorrow as primeĀ  minister. This development greatly increases the likelihood that Britain will leave the European Union by October 31 without any negotiated terms. U.S. congressional […] More

Hungary Gets First Central Bank Interest Rate Hike in Since December 2011

March 26, 2019

The Monetary Council of Magyar Nemzeti Bank chose a time when many central banks including the Fed and ECB have turned more dovish to implement its first interest rate hike since a 50-basis point increase of the Base Rate way back in December 2011. That rate is now just 0.90% and was not changed at […] More

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