Archive for December 24th, 2020

Central Bank Watch

Central Bank of Turkey’s Repo Rate Lifted Another 200 Basis Points

December 24, 2020

2020 was a very active year for Turkish monetary policy. Five repo rate reductions in January-May totaled 375 basis points but were followed by sharp hikes of 200 basis points in both September and today, flanked around a huge 475-basis point increase in November. The rate benchmark is ending the year at 17% compared to […] More

New Overnight Developments Abroad - Daily Update

Some Important Developments this Christmas Eve

December 24, 2020

Many markets were either shut all day or closed early. Nevertheless, investors are digesting some significant developments: The Central Bank of Turkey hiked its one-week repo rate by a greater-than-expected two percentage points to 17%. The rate was 12% at the start of 2020 and 8.25% in June-August. EU/British trade negotiators reached a tentative accord, […] More

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