Central Bank Watch
Central Bank of the Republic of Turkey Holds Its Fire
December 22, 2011
Officials at Turkey’s central bank left all policy settings unchanged including the 5.75% one-week repo rate. A statement released today presents a mixed set of objectives and gives little clue to the timing of subsequent actions. Tight monetary policy should be maintained for a while in order to keep inflation outlook consistent with the medium […] More
New Overnight Developments Abroad - Daily Update
Trading Winding Down as Blood is Spilt in Iraq
December 22, 2011
The dollar is narrowly mixed, showing rises of 0.4% against the Swiss franc, 0.2% versus the yen and euro, and 0.1% against the loonie and sterling. The dollar has lost 0.3% against the kiwi after better than expected New Zealand GDP growth was reported, and the greenback has also dipped 0.1% relative to the Aussie […] More
