Central Bank Watch
A Mixed Message from the Central Bank of the Republic of Turkey
February 19, 2013
Turkish monetary officials made a number of decisions. A 5.5% one-week repo rate, which is the main Turkish policy reference rate, was retained. A 25-basis point cut in December had been the first change since a 50-bp cut in August 2011. The overnight interest rate corridor was sliced by 25 basis points to a range […] More
New Overnight Developments Abroad - Daily Update
Stronger Yen and Aussie Dollar
February 19, 2013
The U.S. dollar has declined 0.5% against the yen and 0.4% relative to the Australian dollar. Other overnight dollar movement has been muted, with gains of 0.2% versus the loonie and 0.1% against the euro, Swissie and kiwi. The dollar is unchanged relative to the Chinese yuan and British pound. Stocks slumped 1.9% in China, […] More
