Archive for July 12th, 2022

Central Bank Watch

Interest Rate Hike in Hungary Largest So Far

July 12, 2022

The National Bank of Hungary’s interest rate has been raised by another two percentage points to 9.75%. There have been fourteen straight monthly increases, including a move of 185 basis points in June, and July’s increment was the largest of the bunch. Before tightening began in June 2021, the rate have been at 0.60%. Hungary […] More

New Overnight Developments Abroad - Daily Update

An Historic Day for the Euro and Not in a Good Way

July 12, 2022

The common European currency has been around since the start of 1999. At launch, the euro exchanged for $1.1875. In overnight trading it briefly touched dollar parity, that is a value of $1.0000. Amid uncertainty that the newly created European hybrid currency would long survive, the euro initially embarked on a downward trend, falling below […] More