Central Bank Watch
Magyar Nemzeti Keeps Loose Stance but Doesn’t Augment Such
August 23, 2016
Hungary’s Base Rate has been 0.90% since three consecutive reductions of 15 basis points earlier this year in March, April and May. From August 2012 to July 2014 the rate had been slashed to 2.1% from 7.0%, and its was redued by a further 75 basis points between March and July of 2015. Today’s statement […] More
Central Bank Watch
Central Bank of the Republic of Turkey Cuts Marginal Funding Rate Again
August 23, 2016
The MFR had earlier been reduced by 25 basis points in March, 50 bps each in April, May and June, and 25 bps to 8.75% in July. Today’s cut was by 25 basis points to 8.5% versus 10.75% at the start of 2016. The most recent of these easings were implemented in spite of a […] More
New Overnight Developments Abroad - Daily Update
Stronger New Zealand Dollar
August 23, 2016
Several currencies strengthened against the U.S. dollar, led by the kiwi and not including the euro. The greenback lost 0.7% against the New Zealand dollar, 0.3% relative to the loonie, yen and sterling, and 0.1% versus the Aussie dollar and yuan, but it gained 0.3% against the euro and is unchanged against the Swiss franc. […] More
