Archive for June 22nd, 2021

Central Bank Watch

30-Basis Point Hike in Hungary’s Central Bank Base Rate

June 22, 2021

Today’s rate hike at the National Bank of Hungary from 0.60% to 0.90% reverses a pair of 15-basis point reductions in June and July of 2020 and represents the first increase since a 50 basis point move to 7.0% in December 2011. The backdrop to today’s action is inflation (now 5.1%) that is above the […] More

New Overnight Developments Abroad - Daily Update

Somewhat Firmer Dollar and Share Prices Holding onto Monday’s Recovery

June 22, 2021

The dollar firmed overnight by 0.2% against its weighted DXY index, the yen, euro, Swiss franc and loonie. The dollar also advanced 0.3% against the Australian dollar and sterling, 0.4% versus the Mexican peso, and 0.1% vis-a-vis the kiwi and yuan. The dollar fell back 0.9% against the Turkish lira from a record high. Last […] More