Archive for February 22nd, 2022

Central Bank Watch

Magyar Nemzeti Bank Tightens Hungarian Monetary Policy Stance Further

February 22, 2022

Hungary’s central bank policy interest rate has been raised by another half percentage point to 3.4%, matching the increase done in January. From a base of 0.60% through May 2021, the rate was raised in each of the final seven months of last year by a combined 180 basis points. CPI inflation accelerated from 2.2% […] More

New Overnight Developments Abroad - Daily Update

Markets Unsure How to React after Putin Sends Troops into Breakaway Regions of Eastern Ukraine

February 22, 2022

Investors don’t know if Putin’s move is the opening round of a full-scale invasion. Putin’s provocation has elicited push-back from Western allies, who aren’t waiting for the Russian leader to expose all his cards. Germany has halted work on the Nord Stream 2 oil pipeline. U.S. President Biden is tightening economic sanctions against Russia. Equities […] More