Archive for July 20th, 2016

Central Bank Watch

Central Reserve Bank of the Republic of Turkey Eases Again

July 20, 2016

The unsuccessful coup in Turkey did not restrain Turkish monetary policymakers from taking another step in their campaign to narrow the overnight lending/borrowing interest rate corridor by cutting the lending rate but leaving the deposit rate unchanged. The latest 25-basis point borrowing rate reduction brings the cumulative decline of such to 200 basis points since […] More

Central Bank Watch

Brazilian Selic Rate Kept at Restrictive 14.25%

July 20, 2016

Between October 2014 and July 2015, Brazilian monetary policymakers increased interest rates by 325 basis points, but a year has now passed since policy has changed. ¬†Under a new governor of the Central Bank of Brazil, the key Selic interest rate was left at 14.25% despite a half-percentage point reduction of consumer price inflation to […] More

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