Archive for February 15th, 2011

Central Bank Watch

Turkey’s Unorthodox Monetary Policy Paused

February 15, 2011

No additional policy changes have been undertaken by the Central Bank of the Republic of Turkey.  Like many emerging economies, Turkey has experienced higher inflation.  Whereas other central banks have raised interest rates, Turkey lowered them.  The one-week repo rate was cut by 50 basis points in December and another 25 basis points to 6.25% […] More

Central Bank Watch

Swedish Rate Hike

February 15, 2011

The Riksbank Executive Board has implemented a fifth repo rate increase of 25 basis points following similar increments last July 1, September 2, October 25 and December 15.  The rate level becomes 1.5%, compared to a cyclical low of 0.25%.  A statement released by the central bank cites the same four reasons for today‚Äôs move […] More

New Overnight Developments Abroad - Daily Update

Very Busy Day

February 15, 2011

Central bank decisions have been announced in Japan, Sweden and Turkey.  Euroland fourth-quarter GDP figures were weaker than forecast.  The United States released retail sales, import prices and international capital flows, while Britain reported a 4.0% on-year rate of CPI inflation, most since November 2008 and twice the targeted pace. The dollar is mixed, falling […] More

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