Archive for November 22nd, 2016

Central Bank Watch

Hungary’s Magyar Nemzeti Bank Latest Policy Decisions

November 22, 2016

The monthly Monetary Council meeting in November result in decisions to leave the central bank Base Rate and deposit rate flat at 0.90% and -0.05%, respectively, and to cut the overnight collateralized lending rate by 15 basis points to 0.90% and the one-week collateralized lending rate 10 bps to 0.90% as well. The Base Rate […] More

New Overnight Developments Abroad - Daily Update

Markets Glad All Over

November 22, 2016

Commodities continued to rally strongly overnight. West Texas Intermediate crude oil leaped another 3.9% to $47.49 and is up 9.3% in the past five business sessions. Precious metals and industrial metals are broadly higher. Gold rose 0.6% to $1,217.10 per ounce. Silver and copper climbed even more steeply. Equities advanced in the Pacific Rim by […] More