Central Bank Watch
Magyar Nemzeti Bank
December 15, 2015
The Hungarian base rate was left at 1.35%, its level since the last of five 15-basis point cuts engineered at consecutive meetings between March and July of this year. A released statement observes continuing spare capacity, inflation that remains substantially below the 3% target, historically low expected inflation and weaker-than-desired growth, and officials predict that […] More
Central Bank Watch
Swedish Riksbank Executive Board Keeps Existing Policy Settings
December 15, 2015
The released statement explaining the Board’s decision acknowledges greater-than-expected Swedish growth recently and revises upward projected GDP expansion in 2015 by 0.5 percentage points (ppts) to 3.7%. Because of the influx of migrants and spending associated with that development, the forecasts are raised 0.6 ppts to 3.6% for 2016, 0.2 ppts to 2.9% in 2017, […] More
New Overnight Developments Abroad - Daily Update
Markets Anticipating a Fed Rate Hike Wednesday With Confidence
December 15, 2015
Today is the first day of a landmark FOMC meeting. A policy announcement will be made Wednesday at 14:00 EST (19:00 GMT) followed by a Yellen press conference to start tomorrow at 14:30 EST. European share prices are up over 3.0% in Germany, France, Italy, and Spain. They have rallied 2% in the U.K. and […] More
