Archive for February 19th, 2013

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