Archive for January 18th, 2018

Central Bank Watch

Central Bank of the Republic of Turkey

January 18, 2018

Turkish central bank interest rates were not changed at the latest policy review. The one-week repo rate has been at 8.0% since a 50-basis point increase in November 2016. And the 9.25-7.25% overnight lending/borrowing rate corridor has existing since the lending rate was raised a year ago by 75 bps to 9.25%. Turkey is getting […] More

Central Bank Watch

Bank Indonesia

January 18, 2018

Indonesia’s seven-day repo rate of 4.25% since last September was again left unchanged. A released statement¬†observes a more resilient domestic economy, including a sounder current account, low inflation supported by positive supply and demand factors and no major external pressures, ample capital inflows, a stable currency, and record reserves.¬† The key central bank interest rate […] More

Central Bank Watch

Bank of Korea

January 18, 2018

South Korea’s central bank interest rate had been at 1.25% from June 2016 until late November of 2017 following five 25-basis point cuts in the space of 2-1/4 years. At the end of November, monetary authorities enacted their first increase since 2011, raising the rate by 25 bps to 1.5%. In doing so, the Bank […] More

New Overnight Developments Abroad - Daily Update

Dollar Down Marginally Even as 10-Year Treasury Yield Rises to 10-Month High

January 18, 2018

Released Chinese data were close to expectations. Real GDP grew 1.6% on quarter in 4Q, least in three quarters, but an on-year advance of 6.8% matched the 3Q result. Real economic growth in 2017 of 6.9% exceeded 2016’s 6.7% pace, marking the first calendar year acceleration since 10.6% in 2010 after 9.4% in 2009. Property […] More

css.php