Archive for January 25th, 2022

Central Bank Watch

50-Basis Point Central Bank Rate Hike in Hungary Beats Forecasts

January 25, 2022

The National Bank of Hungary unexpectedly stepped up its pace of interest rate normalization this month, lifting the base rate by a half percentage point to 2.9%, a 97-month high. This was the eighth consecutive monthly increase. From a starting base rate level of 0.6%, there had previously been two increases of 15 basis points […] More

New Overnight Developments Abroad - Daily Update

Global Equity Prices Remain Highly Unstable

January 25, 2022

Five problems are contributing to stock market volatility around the world: The highest geopolitical tensions between the United States and Russia since the Cold War ended. A high probability that tomorrow’s Fed statement and press conference will signal a rate hike liftoff in March. Uncertainty over how inflation will evolve in 2022 after last year’s […] More