Central Bank Watch
Magyar Nemzeti Bank
October 28, 2014
Hungary’s benchmark interest rate was reduced at every monthly meeting over the two years between August 2012 and July 2014, falling to 2.1% from 7.0%. It is now time to retain the low interest rate for an extended time frame through at least the end of 2015. That’s the reaffirmed message of today’s statement that […] More
Central Bank Watch
A Full-Court Press to Lift Inflation in Sweden
October 28, 2014
Drastically low inflation and expected inflation call for extraordinary action. The Executive Board lopped off the last 25 basis points on its benchmark repo rate today. The interest rate had been at 2.0% prior to December 2011 but reduced a percentage point to 1.0% by end-2012. Another cut of 25 bps was administered in December […] More
New Overnight Developments Abroad - Daily Update
Some Good Economic News for a Change
October 28, 2014
Industrial profits in China reverted to positive on-year growth in September, albeit a gain of only 0.4%. A 0.6% decline in the year to August was negative for the first time in almost two years. Japanese retail sales increased 2.7% on month in September, three times more than forecast, and posted the largest on-year advance, […] More
