Archive for March 24th, 2015

Central Bank Watch

Hungarian Monetary Policy Eased

March 24, 2015

Magyar Nemzeti Bank’s Base Rate was cut by 15 basis points to 1.95%.¬† This was the first reduction in eight months, and officials left the door open for the possibility of even more reductions ahead despite a baseline scenario calling for robust growth, a gradually diminishing output gap, and consumer¬† price inflation convergence upon an […] More

New Overnight Developments Abroad - Daily Update

Weaker Pound and Dollar

March 24, 2015

The dollar advanced 0.4% relative to sterling but is otherwise down by 0.8% against the Swiss franc, 0.3% versus the yen and loonie, 0.2% vis-a-vis the euro and Australian dollar and 0.1% against the kiwi and yuan. Preliminary purchasing manager surveys for March, based upon roughly 85% of the information in the final tallies, were […] More