Central Bank Watch
Turkish Monetary Policy on Hold, Too
May 29, 2012
The 7-day repo rate of the Central Bank of the Republic of Turkey was kept at 5.75% for another month as expected. It was last changed via a 50-basis point cut on August 11, 2011. Officials also made no change in the 5.0% overnight borrowing rate or the 11.5% overnight lending rate. A statement today […] More
Central Bank Watch
Monetary Policy in Hungary
May 29, 2012
Risk premia demanded by investors for holding Hungarian assets remain high. An escalation of concerns over the sustainability of sovereign debt in some euro-area countries may adversely affect premia on Hungarian financial assets. The Council therefore continues to consider it highly important that an agreement between the Government and the EU and IMF is reached […] More
Central Bank Watch
Monetary Policy on Hold in Colombia
May 29, 2012
The Central Bank of the Republic of Colombia’s overnight lending rate was left at 5.25% on Monday. This was the third straight monthly meeting to have produced such a result, and the vote by policymakers was unanimous. From a floor of 3.0%, they had previously raised the rate in 25-basis point increments seven times in […] More
New Overnight Developments Abroad - Daily Update
Dollar Basically Unchanged on Balance
May 29, 2012
The dollar has edged up 0.1% against the yen, Aussie dollar and kiwi and shows no net changes versus sterling, the Swiss franc, euro and yuan. Swiss central bankers reportedly are making contingency plans in case the euro splits apart. The 10-year German bund and British gilt yields are steady. The Japanese 10-year JGB yield […] More
