Central Bank Watch
Magyar Nemzeti Bank
January 27, 2015
A two-year-long campaign of central bank interest rate reductions, which cumulatively cut the two-week deposit rate by 490 basis points to 2.1%, ended last July when a final 20-basis point reduction was engineered. The baseline scenario since then has been to leave the rate at the current level for all of 2015, but today’s latest […] More
Central Bank Watch
Sri Lankan Monetary Policy Settings Deemed Still Appropriate
January 27, 2015
The latest policy review at the Central Bank of Sri Lanka retained an 8% lending rate, a 6.5% deposit rate, and a 6% reserve requirement ratio. The interest rates arrived at current levels after reductions in each of 25 bps in December 2012, 50 bps in May 2013 and 50 bps in October 2013, plus […] More
New Overnight Developments Abroad - Daily Update
Disappointing News Sends Dollar and Stocks Lower
January 27, 2015
Juno was downgraded to sub-blizzard status. N.Y.C. is likely to get just a foot of snow, and the stock exchange opened as scheduled but with a thud, as the Dow dropped over 1.0%. In Europe, equities have declined 5% in Greece, 1.4% in Germany, 1.2% in France, 0.9% in Spain, 0.8% in Britain and 0.6% […] More
