Archive for March 22nd, 2022

Central Bank Watch

Full Percentage Point Hike of National Bank of Hungary’s Base Rate Exceeds Expectations

March 22, 2022

According to a statement released today by Hungary’s Monetary Policy Council, The outbreak of the Russia-Ukraine war has led to a further increase in upside risks to inflation: continued rises in commodity and energy prices point to a persistently high external inflation environment. In addition, elevated inflation may persist for longer as a domestic inflationary […] More

New Overnight Developments Abroad - Daily Update

Sovereign Debt Yields Climb Higher around the World After Powell Suggests Bigger Incremental Tightenings May Be Coming

March 22, 2022

Ten-year sovereign debt yields rose today by five basis points in the United States, four bps in Germany, and three bps in France and Italy. Chairman Powell sees a possible need for individual increases in the federal funds rate that exceed 25 basis points. Many other central banks have already been doing that, and speculation […] More