Archive for July 22nd, 2014

Central Bank Watch

Magyar Nemzeti Bank Winds Up Interest Rate Reduction Cycle

July 22, 2014

Hungary’s central bank declared an end to a 2-year easlng cycle after cutting the key rate by more than expected.  A greater-than-forecast reduction of 20 basis points in the bank interest rate to 2.1% put an end to a streak of cuts that included 12 reductions of 25 basis points, 6 of 20 bps, 2 […] More

New Overnight Developments Abroad - Daily Update

Less Risk Aversion

July 22, 2014

Now that Ukraine rebels are handing over the bodies of Flight 17 victims, investors are less fearful about an escalating cold war between Russia and Western powers. Share prices climbed 1.7% in Hong Kong and India, 1.2% in China, 0.8% in Japan, 0.6% in Taiwan, 0.5% in South Korea and 0.1% in New Zealand, Australia […] More