Central Bank Watch
Central Bank of the Republic of Turkey Cuts Main Interest Rate to 7.75% from 8.25%
January 20, 2015
Monetary officials were not expected to extended monetary easing, which had been paused since August, quite this soon, and the overnight borrowing and lending rates of 7.5% and 11.25% were not also adjusted at this time. A released statement expresses more optimism about CPI inflation, which fell to 8.17% last month from nearly 9%, noting […] More
New Overnight Developments Abroad - Daily Update
Chinese GDP and a New Drop in Oil Prices
January 20, 2015
Chinese GDP recorded on-year growth of 7.3% last quarter, 7.3% in the second half of 2014, and 7.4% for the full calendar year. 2014 growth was the slowest since 1990 and below the government’s target for the first time years. Other Chinese data released today showed Industrial production rising at a 3-month high of 7.9% […] More
