Archive for August 27th, 2013

Central Bank Watch

A Modest Tapering of the Downtrend in Hungary’s Central Bank Interest Rate

August 27, 2013

The Monetary Council at Magyar Nemzeti Bank decided to cut the two-week deposit rate by 20 basis points to 3.8%.  Twelve consecutive monthly 25-basis point reductions had preceded this action. Incoming data on inflation and the real economy give scope to ease monetary conditions further. However, in light of the significant reduction in interest rates […] More

New Overnight Developments Abroad - Daily Update

Geopolitical Market Havoc

August 27, 2013

The Middle East again is holding the rest of the world hostage, as the U.S. feels compelled to respond to Syria’s alleged use of chemical weapons against its own citizens. Commodities have spike 1.4% in the case of gold to $1412.0 per ounce and 1.2% in the case of WTI crude oil to $107.21 per […] More