Archive for June 21st, 2016

Central Bank Watch

A Further “Simplification” of Tight Turkish Monetary Policy

June 21, 2016

The corridor between the Turkish overnight lending and borrowing rates was narrowed a third straight time.  After cuts of 25 basis points in March and 50 bps in May, the lending rate was cut by another 50 basis points to 9.0%.  At each of these meetings the borrowing rate of 7.25% and one-week repo rate […] More

Central Bank Watch

Hungarian Interest Rates Left Unchanged

June 21, 2016

Hungary’s Base Rate was lowered 490 basis points to 2.1% between August 2012 and July 2014, 65 basis points further to 1.35% between March and July of 2015, and by 15 basis points a month to 0.90% in March, April and May of this year.  A statement released after this month’s decision to leave that […] More

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