Archive for September 24th, 2013

Central Bank Watch

Hungary’s Magyar Nemzeti Bank Cuts Interest rate for 14th Straight Time

September 24, 2013

A statement from Hungarian monetary officials announced a 20-basis point cut of the two-week deposit rate to a record low of 3.60%.  A similar reduction had been made in August, and there was a streak of twelve monthly cuts of 25 basis points each starting in August 2012.  Core inflation in Hungary is historically low, […] More

New Overnight Developments Abroad - Daily Update

Toxic Remarks from the Dallas Federal Reserve President

September 24, 2013

The Federal Reserve has become even more embroiled in a politicizing maelstrom.  Dallas Fed President Richard Fisher has aired its dirty laundry in public, with highly critical remarks about 1) President Obama’s poorly handled hunt for a successor to Chairman Bernanke and 2) the Fed’s decision not to taper.  He argued that Fed credibility has […] More