- CHINA / ENVIRONMENT: Beijing Sets New Standard For...Dense Deadly Smog.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- BRASIL: More Headaches For Dilma : Her VP's In-Law On Playboy Cover...And Chief Aide's Dubious Payment.
- MEXICO/ USA : 11 Oct. UPDATE: Navy Admits Killing Top Zetas Leader Lazcano...Was Accident; 'La Ardilla' Smirks Over His Arrest For Falcon Lake Murder; Analysis Of Calderon's 'Kill The Capos' Plan.
- POLAND: C.Bank To Strengthen Zloty By Selling Euros.
- BRASIL / ITALY / GUATEMALA / USA / RUSSIA: 1 Dead, 7 Injured In Rio Fuel Tanks Fires/ Blasts; Ruby Heartstealer Admits Lying About Silvio's Sex Parties, Money; Ex-Prez Alfonso Portillo Extradited To USA For Money Laundering; Moscow Bans VKontakte By 'Mistake.'
- USA / SOCIAL MEDIA / GUN CULTURE: Santa Leaves Heat As Xmas Treats.
- BRASIL: Documentary About Rio Garbage Dump... Up For Oscar.
- GUATEMALA : Court Throws Out Rios Montt Genocide Conviction; Trial Restart Ordered.
- COSTA RICA / PERU / COLOMBIA : 17 May UPDATE : 2 More Aides Resign After Prez. Chinchilla Comes Under Fire For Free Flights On Alleged Narco Jet; Key Minister Resigns Over Flight From Bogus Person.
23 April 2013
HUNGARY: New CBank Chief Matolcsy Lowers Benchmark...To 4.75%.
New CBank head...and close PM Orban ally...Gyorgy Matolcsy has continued lowering the benchmark...this time by 25 bps...to 4.75%...as inflation hovers close to a 39 year low.
It was the CBank's 9th monthly rate cut.
Many investors expect the benchmark to drop below 4% in the next 6 months.
PM Viktor Orban also announced that Hungary will spend almost 300 million euro/ $400 million to build a state of the art...65,000 seat national stadium...and Olympic sports park in Budapest.
Construction will begin in 2014...with a 2017 projected completion date.