Central Bank Watch
Central Bank of the Republic of Turkey: No Further Interest Rate Changes in September
September 17, 2013
As analysts suspected, Turkey’s Monetary Policy Committee agreed to leave the overnight lending rate at 7.75%, having hiked such by 75 basis points in July and a further 50 bps in August. The one-week repo rates and overnight borrowing rates of 4.5% and 3.5% were also not changed. A comparatively brief released statement promised to […] More
Central Bank Watch
Central Bank of Sri Lanka Keeps Stance Unchanged
September 17, 2013
The reverse repo and repo rates were left respectively at 9.0% and 7.0% where they’ve been since reductions of 25 basis points last December followed by cuts of 50 bps in May 2013. A statement from bank officials again called the present stance appropriate and welcomed signs that lower short-term interest rates are spreading more […] More
New Overnight Developments Abroad - Daily Update
Federal Reserve in the Spotlight
September 17, 2013
Even as the Federal Open Market Committee meets today for the first of a critical two-day policy meeting, a story has emerged that Janet Yellen, the present vice-chairperson, is now the front-running candidate to succeed Ben Bernanke as chair-person. Bernanke’s second 4-year term ends in late January. In other central bank news, Minutes from the […] More
