Archive for March 25th, 2014

Central Bank Watch

Hungary’s Monetary Policy Easing Cycle Approaching Endpoint

March 25, 2014

The incremental cut of the two-week deposit rate, a drop of 10 basis points to 2.60%, was reduced from 15 bps after the January and February monthly meetings, 20 bps each in the final five months of 2013, and 25 bps per month over the year to July 2013.  The rate level prior to August […] More

New Overnight Developments Abroad - Daily Update

Little Reaction to Unexpected Data Results

March 25, 2014

The German IFO Institute business climate index fell in March for the first time since October and by more than forecast.  Such printed at a two-month low of 110.7 after 111.3 in February.  While current conditions went up 0.8 points, business expectations fell 1.9 points to a 5-month low of 106.4.  The biggest adverse swing […] More