Archive for November 23rd, 2011

Central Bank Watch

Unchanged Monetary Policy in Turkey at This Month’s Meeting

November 23, 2011

Officials at the Central Bank of the Republic of Turkey retained a 5.75% one-week repo rate.  That key benchmark of monetary policy was reduced by 1,175 basis points in the year between November 2008 and November 2009.  Subsequent cuts were implemented of 50 basis points in December 2010, 25 bps in January 2011, and 50 […] More

New Overnight Developments Abroad - Daily Update

Another Tough Day in the Marketplace

November 23, 2011

German bund yields shot up 14 basis points following a technically undersubscribed auction.  A result of such was to reduce peripheral bond spreads, but their long-term interest rate levels in these countries remain way too high. The Bank of Greece warned of the risk of Greece leaving the European Economic and Monetary Union. China’s preliminary […] More