Central Bank Watch
Key Israeli Lending Rate Lifted Another 25 Basis Points
January 24, 2011
The process of gradual interest rate normalization took another step today in a move that analysts mostly anticipated. This was the seventh increase so far but the first in four months. All of the hikes have been by 25 basis points. The first in August 2009 was the initial increase by any central bank following […] More
Central Bank Watch
A Third Hungarian Rate Hike with a Hint of More to Come
January 24, 2011
Officials at Magyar Nemzeti Bank raised the Hungarian Base Rate by 25 basis points for a third straight month and suggested further increases could occur in the future. A statement from the central bank reiterated a need to guard against rising inflation expectations because CPI inflation has been well above the 3% target and likely […] More
New Overnight Developments Abroad - Daily Update
Dollar Recoups Some Losses
January 24, 2011
The dollar reversed a small part of last week’s losses, gaining 0.5% against the euro, 0.4% relative to the yen, and 0.3% versus sterling and the Canadian dollar. The dollar also eased 0.1% against the Swiss franc and the Australian and Canadian dollars. In the wake of President Hu’s trip to America, the yuan is […] More
