Central Bank Watch
Central Bank of the Republic of Turkey
July 19, 2012
Turkey’s Monetary Policy Committee left its key rates steady. In a statement, officials indicated that inflation has been a bit softer than assumed and that a reduced inflation forecast is likely in the future. The central bank’s one-week benchmark repo rate has been at 5.75% since August 2011. The overnight lending rate has been at […] More
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South African Reserve Bank
July 19, 2012
SARB officials surprised markets with their first repo rate change since November 2010, a reduction of 50 basis points to 5.0%. This pre-emptive action came in response to mounting worries that weak European growth will weigh on the South African economy. A statement from the central bank concludes In the light of these developments the […] More
New Overnight Developments Abroad - Daily Update
Slightly Softer Dollar
July 19, 2012
The dollar has fallen by 0.9% and 0.7% against the Australian and New Zealand currencies. Smaller drops have occurred of 0.3% against the loonie and euro and 0.2% versus the yen, Swiss franc and sterling. There has been a 0.1% uptick versus the yuan. Share prices rose 2.0% in Australia, 1.7% in Hong Kong, 1.6% […] More
