Central Bank Watch
Another Hungarian Central Bank Interest Rate Cut
July 23, 2024
Consumer price inflation in Hungary crested at 25.7% in January 2023, well above the 2-4% target of its central bank (MNB). In response the MNB base rate was progressively raised from 0.60% to a peak of 13.0% reached in September 2022 and maintained until an initial reduction in October 2023. Every monthly meeting since that […] More
New Overnight Developments Abroad - Daily Update
A Reinvigorated U.S. Political Contest, Concerns about Chinese Growth, and Lots of Central Bank Watching
July 23, 2024
U.S. Vice President Harris made great strides yesterday to solidify her claim to the Democratic Party presidential nomination, locking up many endorsements and attracting an unprecedented daily haul of campaign contributions. Investors now await next opinion polls. There had been much anticipation prior to last week’s Chinese Plenum that a huge fiscal stimulus would be […] More
