Archive for April 24th, 2012

Central Bank Watch

7.0% Hungarian Base Rate Retained as Expected

April 24, 2012

The Monetary Council at Meyar Nemzeti Bank did not change its base rate for the fourth consecutive meeting and released a statement that enumerated many upside price risks such as past forint depreciation, elevated energy costs, higher excise duties, and a hike in value added taxation.  On-year CPI inflation of 5.5% last month after 5.9% […] More

New Overnight Developments Abroad - Daily Update

FOMC Begins Two-Day Meeting

April 24, 2012

There’s been scant overnight movement in the dollar, which is unchanged against the euro, Swissie and loonie, up 0.1% relative to the yen and kiwi, and off 0.1% versus the yuan and sterling.  EUR/USD continues to trade near $1.3150, and the yen has an 81 handle. Stocks in Asia and Europe were more stable than […] More