Archive for February 26th, 2013

Central Bank Watch

Magyar Nemzeti Bank

February 26, 2013

A seventh straight base rate reduction was approved in Hungary’s central bank in a split vote that put the outgoing governor in the minority camp.  At 5.25%, the base rate is back to its Great Recession low.  The first of this series of cuts was made in late August 2012, ending a span of seven […] More

New Overnight Developments Abroad - Daily Update

Currency Market Pause Between Major Events

February 26, 2013

Italian elections results sent all financial markets reeling yesterday, but incremental overnight movement in the dollar has been minimal.  It will take quite a while before political direction will be established in the euro area’s third largest economy, which places the prospects for reforms and continuing financial market calm in jeopardy.  In the meantime, investors […] More