Central Bank Watch
Bank of Israel Benchmark Interest Rate Left at 2.0%
October 25, 2010
As analysts anticipated, there was not a seventh rate increase. The six increases, each by 25 basis points, were announced in August 2009, November, December, March 2010, July and September. A statement from the Bank of Israel reiterates that a process remains in place of gradual rate normalization that should lift the key rate to […] More
Central Bank Watch
Hungarian Base Rate Held Steady at 5.25% as Expected
October 25, 2010
The Magyar Nemzeti Bank left its benchmark interest rate unchanged for a sixth consecutive monthly meeting citing the prolonged period of sub-trend economic activity and an uncertain inflation outlook. On-year CPI inflation edged up a tenth to 3.8% last month but had eased 2.2 percentage points over the previous four months. Domestic demand remains weak. […] More
New Overnight Developments Abroad - Daily Update
Dollar Drops in Wake of G20 Meeting
October 25, 2010
The dollar is trading below Friday closing levels by 1.3% against the Australian dollar, 1.0% versus the kiwi, 0.9% relative to the yen, Swissy, and Canadiand dollar, 0.6% against the euro, 0.3% versus sterling and 0.1% against the yuan. See G20 statement review. The communique called for reduced external imbalances but did not unveil numerical […] More
