Archive for April 21st, 2015

Central Bank Watch

Another Hungarian Central Bank Base Rate Reduction

April 21, 2015

The Monetary Council at Magyar Nemzeti Bank sliced its base rate by 15 basis points to 1.95%.  A similar-sized cut at the March monthly meeting had broken a policy pause over the eight prior months.  For two years from August 2012 through July 2014, policy was loosened every month, taking the base rate from 7.0% […] More

New Overnight Developments Abroad - Daily Update

Greek Deficit Worries Depress Euro

April 21, 2015

The dollar rose overnight by 0.5% against the euro, 0.3% versus the Swiss franc, 0.2% vis-a-vis the yen and sterling, and 0.1% relative to the loonie but is unchanged against the yuan and Australian dollar and down 0.4% against the kiwi. Greek share prices have slumped 3.3%.  The Chinese and Hong Kong stock markets closed […] More