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
