Central Bank Watch
Turkish Monetary Policy On Hold for "a Long Period of Time"
February 16, 2010
The Central Bank of the Republic of Turkey left its key borrowing and lending rates at 6.5% and 9.0%, respectively. Those levels were reached after a 25-bp rate cut last November. Previously, the borrowing rate was slashed from a peak of 16.75% prior to November 2008, dropping by 50 basis points that month, 125 bps […] More
Larry's Blog
Tea Parties
February 16, 2010
The Boston Tea Party was staged in December 1773, nearly nine years after the British Parliament passed the hated Stamp Act, 45 months after the Boston Massacre and just 16 months before the Battles of Lexington and Concord that began the American Revolution. The slippery slope to violent revolution had progressed far by the time […] More
Central Bank Watch
Sri Lankan Monetary Policy Stance Held Steady
February 16, 2010
The Central Bank of Sri Lanka retained its repo and reverse repo rates of 7.5% and 9.75% for a third consecutive month. Upwardly creeping CPI inflation is attributed to higher commodity prices and base effects, and the primary object of central bank policy continues to be the promotion of domestic economic recovery. The repo and […] More
Deeper Analysis
Net U.S. Portfolio Investment Inflows Remained Supportive in December
February 16, 2010
According to data collected by the U.S. Treasury Department, net capital inflows in December surpassed the goods and services trade deficit under all three measures of varying inclusiveness in December, and net capital inflows were larger than projected for the second month in a row. Flows in the table below are expressed as monthly averages. […] More
New Overnight Developments Abroad - Daily Update
Greek Debt Prognosis Still Unclear
February 16, 2010
EU finance ministers, also known as Ecofin, have told the Greek government to draw up more budget cuts by March 16th. The situation remains unclear what the EU is exactly prepared to do and when should Greece needs additional aid support. U.S. and Canadian markets reopen today after Monday holidays. The New York region is […] More
