Tuesday, December 18, 2012

DailyMarkets.com - Hungary To Mull Rate Cuts But Only If Inflation To Hit Target

DailyMarkets.com - Hungary To Mull Rate Cuts But Only If Inflation To Hit Target

Hungary To Mull Rate Cuts But Only If Inflation To Hit Target

Posted: 18 Dec 2012 06:45 AM PST

     Hungary’s central bank, which earlier cut its benchmark rate for the fifth time this year, said it would consider further rate cuts but underlined this would “only” occur if sentiment in financial markets continues to improve and there is evidence that the inflation target is achievable.
    The statement by the National Bank of Hungary signals the bank’s Monetary Council is likely to pause in its cycle of rate cuts that have reduced the rate by 125 basis points … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Demand Finally Cooling For Beans?

Posted: 18 Dec 2012 06:18 AM PST

Tuesday, December 18, 2012
Soybeans have been one of the better performing commodity markets since mid-November, fueled by strong export demand. Yesterday’s export inspections figures suggest that demand could be cooling. Despite much talk over the weekend that both parties were nearing a compromise in Fiscal Cliff talks, it appears that both sides could still be a ways apart. In addition to demand cooling, Soybeans could also find outside pressure from a weaker Corn market. Technically, it … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hungary Cuts Rate By 25 Bps To 5.75%, Fifth Cut In A Row

Posted: 18 Dec 2012 05:08 AM PST

    Hungary’s central bank cut its benchmark base rate by 25 basis points to 5.75 percent, its fifth rate cut in a row.
    The National Bank of Hungary will release further details about its interest rate decision later. The central bank has now cut its benchmark rate by 125 basis points this year to help revive growth.
     Hungary’s Gross Domestic Product contracted for the second quarter in a row by 0.2 percent from the previous quarter for an annual … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Turkey Cuts Rate 25 Bps To 5.5% On Lower Inflation, Growth

Posted: 18 Dec 2012 04:53 AM PST

 Turkey’s central bank cut its benchmark one-week repurchase rate by 25 basis points to 5.5 percent due to lower inflation and slower economic growth and but kept its short term rates steady.
    The Central Bank of the Republic of Turkey has kept its policy rate steady since a cut in August 2011 but has narrowed its interest rate corridor several times this year to help stimulate lending.
    Last month the bank said it may cut the policy rate and in today’s statement … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Sweden Cuts Rate 25 Bps, Sees Repo Steady At 1.0% In 2013

Posted: 18 Dec 2012 04:14 AM PST

    Sweden’s central bank cut its benchmark repo rate by 25 basis points for the third time this year due a weakening economy and said it expects to keep the rate at 1.0 percent for the coming year.
    The Riksbank, which has now cut rates by a total of 75 basis points this year, said the rate cut should help support the economy so inflation starts to rise towards the bank’s 2.0 percent target.
    “The risks entailed in household’s high level of indebtedness … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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