Central Bank Watch
Hungarian Central Bank Base Rate Kept at Record Low 1.35%
August 25, 2015
The statement released after the latest Monetary Council meeting implies that Hungary’s central bank base rate is unlikely to get changed, up or down, for an extended period. Extensive easing began in August 2012 from a 7.0% level. The base rate was lowered at every meeting through July 2014, at which point such stood at […] More
Central Bank Watch
Another Loosening of Chinese Monetary Policy
August 25, 2015
Officials at the People’s Bank of China cut the one-year lending and deposit rates by 25 basis points to 4.85% and 1.75%, respectively, and the targeted reserve requirement to 18.0% from 18.5% today. The announcement was made after Chinese equities fell another 7.6% today to their lowest level since December and just two weeks following […] More
New Overnight Developments Abroad - Daily Update
Chinese Central Bank to the Rescue — Really No Big Deal
August 25, 2015
The People’s Bank of China reduced its one-year lending and deposit rates by 25 basis points each to 4.60% and 1.75% while also slicing its reserve requirement ratio to 18.0% from 18.5%. Stock markets rebounded on the news. Near 10:30 EDT, key U.S. stock market indices were up by 2.5-3%. In Europe, share prices gained […] More
