Archive for June 29th, 2022

Central Bank Watch

Size of Hungarian Central Bank Interest Rate Hike Increased Sharply

June 29, 2022

In Hungary, Magyar Nemzeti Bank’s base rate has been lifted by a greater-than-forecast 185 basis points to 7.75%. This was the 13th straight monthly tightening of monetary policy and surprised analysts because the 50-basis point rise done in May had been only half the size of the previous two increases. The pandemic low basie rate level […] More

New Overnight Developments Abroad - Daily Update

Consumers in a Funk

June 29, 2022

Consumer hope around the world is being squeezed by high inflation, rising interest rates, and dismaying political developments. Many consumer sentiment measure have been reported during the past 24 hours. The Conference Board’s U.S. consumer sentiment index tumbled 4.5 points to a 28-month low in June. The drop exceeded analyst expectations. Japanese consumer confidence fell […] More