Central Bank Watch
Magyar Nemzeti Bank Does Another Rate Cut of 15 Basis Points to Record Low of 1.50%
June 23, 2015
In the two year through July 2014, Hungary’s central bank policy rate fell 490 basis points to 2.10%. After an 8-month hiatus, easing resumed this past March. The key rate including today’s cut has fallen by 15 basis points after the last four consecutive monthly meetings of Hungary’s Monetary Council. A statement today signals that […] More
Central Bank Watch
Central Bank of the Republic of Turkey
June 23, 2015
Turkish monetary policy remains restrictive despite several rate cuts most recently in February when the one-week repo rate and overnight borrowing rate were sliced 25 basis points to 7.5% and 7.25%, respectively, while the overnight lending rate was cut 50 bps to 10.75%. In early 2014, those rates stood at 10.0%, 8.0%, and 12.0%. Monetary […] More
New Overnight Developments Abroad - Daily Update
Spreading Hope over Greece Lifts Equities
June 23, 2015
Negotiators claim to have reached an agreement on the main principles regarding a Greek debt accord and express hope that a full deal can be worked out this week. Share prices are up 3.9% in Greece, 1.0% in Germany, 1.2% in France, 0.9% in Spain and Italy, 1.1% in Switzerland but just 0.1% in Britain. […] More
