Central Bank Watch
Full Percentage Point Cut in Hungary’s Central Bank Base Rate
February 27, 2024
A reduction in the Central Bank of Hungary’s Base Rate from 10.0% to 9.0% bring its decline since October to 400 basis points. This cumulative decline is slightly less than the concurrent lessening of core consumer price inflation from 10.9% to 6.1% and two percentage points less than the slowdown in total CPI inflation from […] More
New Overnight Developments Abroad - Daily Update
Still Pausing
February 27, 2024
The dollar slipped back overnight by an additional 0.3% against the yen, 0.2% versus the Canadian and Australian dollars and 0.1% relative to the euro, Swiss franc and sterling. Ten-year sovereign debt yields fell three basis points in the U.K. and a single basis point each in Germany and the United States. Alternatively, the Spanish […] More
