Archive for May 18th, 2010

Central Bank Watch

Results of Turkey’s Central Bank Meeting

May 18, 2010

The Central Bank of the Republic of Turkey switched its operative interest rate to the 7-day repo rate, which remains at 7.0%, and left all other interest rates including the 6.5% overnight borrowing rate, which used to be the targeted rate, unchanged as well.  This is a preannounced preparatory step to enable officials to gradually […] More

Deeper Analysis

Inflation Round-Up

May 18, 2010

A little more than a year has passed since the severest months of the world recession.  Commodity prices are higher now; gold and oil have climbed 31% and 22%, respectively.  But demand-pull price pressures, which typically lag the business cycle, have receded in most economies.  Euro area data exemplify this pattern.  Whereas headline CPI inflation […] More

New Overnight Developments Abroad - Daily Update

Dollar Mixed and Stocks Higher

May 18, 2010

Stocks climbed 2.1% in China, 1.2% in Hong Kong, 0.9% in Thailand, 0.5% in Indonesia, and 0.1% in Japan and Australia.  Equities are 1.2%, 1.0%, and 0.7% higher in France, Germany and Britain. The dollar has risen 0.4% against sterling, 0.3% relative to the yen and 0.2% versus the Australian dollar.  The greenback also lost […] More