Archive for August 21st, 2018

Central Bank Watch

Hungary’s Monetary Policy Held Unchanged

August 21, 2018

The Monetary Council at Magyar Nemzeti Bank kept its interest rate structure unchanged. Hungary’s deposit rate has been at -0.15% since a 10 basis point cut last September, and the overnight and one-week collateralized lending rates have been at 0.90% since a cut of 15 bps in May 2016. A released statement also keeps other […] More

New Overnight Developments Abroad - Daily Update

A Wide-Ranging Trump Interview Depresses the Dollar

August 21, 2018

In an exclusive interview with Reuters, President Trump criticized Fed Policy as insufficiently accommodative and having an unconstructive influence on ongoing trade talks. Regarding Fed Chairman Powell, whom he appointed previously to replace Janet Yellen, he answered his own rhetorical question: ” Am I happy with my choice? I’ll let you know in four years” when […] More