Archive for November 16th, 2021

Central Bank Watch

A Sixth Hungarian Central Bank Rate Hike

November 16, 2021

Magyar Nemzeti Bank’s base rate was raised 30 basis points today to 2.1%. The increase and its size matched expectations. This cycle of gradual increases began in June, hasn’t missed a month, and thus far totals 150 basis points. More tightening is to be expected, as officials served notice that projected inflation in 2022 will […] More

New Overnight Developments Abroad - Daily Update

Xi/Biden, Central Banking Signals, and a Big Line-Up of U.S. Data Releases Today

November 16, 2021

The virtual summit between the Presidents of China and the United States exceeded three hours. The talks were reportedly civil but didn’t yield newsworthy compromises on the key contentious issues. The Fed and Bank of England seem closer to an interest rate lift-off than the European Central Bank or Bank of Japan. Minutes published from […] More