Central Bank Watch
Turkey’s Unorthodox Monetary Policy Paused
February 15, 2011
No additional policy changes have been undertaken by the Central Bank of the Republic of Turkey. Like many emerging economies, Turkey has experienced higher inflation. Whereas other central banks have raised interest rates, Turkey lowered them. The one-week repo rate was cut by 50 basis points in December and another 25 basis points to 6.25% […] More
Central Bank Watch
Swedish Rate Hike
February 15, 2011
The Riksbank Executive Board has implemented a fifth repo rate increase of 25 basis points following similar increments last July 1, September 2, October 25 and December 15. The rate level becomes 1.5%, compared to a cyclical low of 0.25%. A statement released by the central bank cites the same four reasons for today’s move […] More
New Overnight Developments Abroad - Daily Update
Very Busy Day
February 15, 2011
Central bank decisions have been announced in Japan, Sweden and Turkey. Euroland fourth-quarter GDP figures were weaker than forecast. The United States released retail sales, import prices and international capital flows, while Britain reported a 4.0% on-year rate of CPI inflation, most since November 2008 and twice the targeted pace. The dollar is mixed, falling […] More
