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
