Central Bank Watch
Israeli Central Bank Interest Rate Lifted by 50 Basis Points
March 28, 2011
The Bank of Israel implemented a third consecutive interest rate hike. It was the ninth tightening since normalization began in August 2009 and the first one to exceed 25 basis point in size. A statement published on the Bank of Israel’s web site called monetary policy still expansionary. CPI inflation now slightly exceeds 4.0% versus […] More
Central Bank Watch
No Change in Hungary’s Monetary Policy
March 28, 2011
Magyar Nemzeti Bank officials decided to keep their base rate at 6.00%. This is the same action as taken at the February meeting and follows three consecutive hikes of 25 basis points in November, December and January. Hungary was hit by several cost-push shocks, which have lifted CPI inflation to 4.0% or above since October. […] More
New Overnight Developments Abroad - Daily Update
Focus this Monday on Geopolitics, Not Data
March 28, 2011
Chancellor Merkel of Germany suffered key state election defeats over the weekend. Key issue was nuclear power. The summit of EU leaders in Brussels failed to finalize an agreement on funding for the European Stability Mechanism. Such hopes ended when Portugal’s government collapsed. There appears to have been a partial reactor meltdown at Fukushima. Tepco […] More
