Central Bank Watch
FOMC Minutes: Some Excerpts
February 19, 2020
Participants generally judged that the current stance of monetary policy was appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation returning to the Committee’s symmetric 2 percent objective. They expected economic growth to continue at a moderate pace, supported by accommodative monetary and financial conditions. In addition, some trade uncertainties […] More
Central Bank Watch
Central Bank Rate Reduction in Turkey
February 19, 2020
The Central Bank of Turkey engineered its sixth and most “measured” cut of the one-week repo rate of an easing cycle that began last July. From August 2018 until then, the rate had been kept at a stratospheric 24%, and 13.25 percentage points above the new rate level of 10.75%, which happens to be represent […] More
New Overnight Developments Abroad - Daily Update
Risk Preference Restored to Some Extent
February 19, 2020
EUR/USD is unchanged from yesterday’s closing level. The dollar is also flat against the yuan and kiwi, up most strongly versus the yen (0.8%) and then 0.3% relative to sterling. To the surprise of few, Prime Minister Boris Johnson is not proving to be as adept at governance as he was at running for election. […] More
