Archive for December 22nd, 2011

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