Archive for November 25th, 2014

Central Bank Watch

Magyar Nemzeti Bank Sends Same Message as Last month

November 25, 2014

A statement released after Hungary‚Äôs latest monetary policy meeting conveyed the view that the 2.1% key interest rate will be maintained for considerable time further. The negative output gap is expected to close gradually at the monetary policy horizon. Looking ahead, therefore, the disinflationary impact of the real economy is likely to diminish and, with […] More

New Overnight Developments Abroad - Daily Update

Mixed Data, Muted Market Changes

November 25, 2014

U.S. GDP growth in the third quarter was revised unexpectedly higher by almost a half percentage point to 3.9%.  The 2-quarter rise between 1Q and 3Q was the strongest in more than ten years.  The core PCE deflator inflation rate of 1.5% remains a half percentage point below target.  Growth was led by private domestic […] More