Archive for September 25th, 2012

Central Bank Watch

Further Monetary Easing in Hungary

September 25, 2012

August’s first Hungarian central bank rate cut since April 2010 has been followed up with a second reduction of 25 basis points.  The deposit rate and two-week MNB bill rate are both now at 6.5%.  Analysts had been split between those expecting Magyar Nemzeti Bank officials not to change rates this month and others looking […] More

New Overnight Developments Abroad - Daily Update

Uneasiness about Europe

September 25, 2012

Numerous concerns persist about the euro area debt crisis.  Will a banking union get formed?  Will Spain submit to outside conditional aid?  Does the Bundesbank have a hidden agenda to torpedo the monetary union?  What’s to be done about Greece, which seemingly cannot meet its bailout macroeconomic promises?  Doomsayer Nouriel Roubini, NYU’s pessimistic economics professor, […] More