Central Bank Watch
Magyar Nemzeti Bank Sends Same Message as Last month
November 25, 2014
A statement released after Hungary’s 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
