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
