Archive for August 24th, 2021

Central Bank Watch

A Third Central Bank Interest Rate Hike in Hungary

August 24, 2021

As was expected, the National Bank of Hungary’s base rate was lifted another 30 basis points at this month’s review of monetary policy. Such follows similar hikes made in June and July and brings the rate level to 0.90%, its highest level since mid-2015. In 2020, two cuts of 15 basis points each had been […] More

New Overnight Developments Abroad - Daily Update

Flat Dollar Ahead of Emergency G7 Leaders Meeting

August 24, 2021

Dollar rates against the euro, yen, Swiss franc and DXY weighted index are unchanged from Monday closing levels. The U.S. currency has not done as well against commodity-sensitive currencies, falling by 0.7% versus the kiwi, 0.5% against the Australian dollar, 0.2% vis-a-vis the loonie, and 0.1% versus the Chinese yuan and Mexican peso. One currency […] More

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