Archive for June 24th, 2014

Central Bank Watch

Streak of Hungarian Central Bank Rate Cuts Extended With Another 10-Basis Point Reduction”

June 24, 2014

Monetary policy was eased for a 23rd straight month.  The key rate of 2.3% is down from 7.0% prior to August 2012.  The move was justified by low inflation, lessening risk factors, and monetary easing at the ECB, and the statement indicated that more easing is probable.  “Considering the outlook for inflation and taking into […] More

New Overnight Developments Abroad - Daily Update

Little Overnight Change in the Dollar

June 24, 2014

It’s been another quiet summer session in the dollar, which has changed on net by 0.3% or less. Share prices rose 1.4% in India and 1.0% in South Korea but hardly at all elsewhere.  The Nikkei closed up 0.1%, and the German Dax is off 0.1%. The 10-year British gilt yield of 1.74% is sharply […] More