Archive for October 25th, 2016

Central Bank Watch

Magyar Nemzeti Bank Cuts Reserve Requirement

October 25, 2016

Hungary’s central bank left its base rate at 0.90% and its overnight deposit rate at -0.05% but cut its overnight lending rate by 10 basis points to 1.05% and its reserve requirement in half to 1%. A released statement projects growth around 3%, observes continuing spare capacity and sub-target inflation, and predicts a gradually rising inflation […] More

New Overnight Developments Abroad - Daily Update

Optimistic Mood

October 25, 2016

Commodity prices are higher, led by metals. WTI oil and Comex gold climbed 0.6% and 0.5% to $50.84 per barrel and $1,269.80 per ounce. Markets are discounting a higher likelihood of a fed funds hike this year, but investors increasingly believe the U.S. economy can tolerate such action. U.S. political opinion polls continue to indicate […] More