Popular Posts
- KYRGYSTAN / CANADA : 3 MPs Arrested After Violent Gold Mine Protest.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PERU: Voters Feel Like They Must Choose Between...Hitler And Darth Vader; Smears Increase Before Vote.
- ITALY : Oh, No! Silvio's Spectre Returns.
- HUNGARY: 23 April UPDATE: Hungary Denies Threat To Roma After Red Cross Evacuates 277 Roma From Gyongyospata...Fearing Vigilantes.
- BRASIL:1ST UPDATE: Natives Protesting Hydro Plant Release 5 Of At Least 155 Hostages.
- POLAND: Chopin Contest Attracts Young Asian Pianists.
- Internet Divorce May Be Possible In Brasil.
- 11,000 Homeless in Buenos Aires
- BRASIL / VENEZUELA: Dilma Offers Hugo Her Best Cancer Specialists.
26 March 2013
HUNGARY: New CBank Chief Matolcsy Lowers Benchmark...to Record Low 5%.
In his first major decision since taking office as central bank chief...controversial former economy minister...and close ally of populist PM Viktor Orban...Gyorgy Matolcsy... dropped the benchmark interest rate by 25 bps...to a record low...5%.
The forint strengthened.
Inflation is under the bank's 3% target.
http://www.bloomberg.com/news/2013-03-26/hungary-set-for-record-low-rates-as-matolcsy-takes-over.html