Central Bank Watch
Sri Lankan Monetary Policy Left Unchanged
April 16, 2013
The Monetary Board of the Central Bank of Sri Lanka retained a 7.5% repo rate and a 9.5% reverse repo rate but hinted of possible further easing later this year. Monetary policy measures taken so far indicate that expected results are being realised, providing reasonable stimulus for a higher economic growth. At the same time, […] More
Central Bank Watch
Turkish Interest Rate Cuts
April 16, 2013
This month’s interest rate meeting at the Central Reserve Bank of Turkey yielded a statement that cut all three interest rates by 50 basis points. The one-week repo rate, the main policy signal, had bee cut previously by 50 basis points in August 2011 and by another 25 bps in December 2012, now becomes 5.0% […] More
New Overnight Developments Abroad - Daily Update
Picking Up the Pieces
April 16, 2013
Monday was an extremely difficult day for financial markets. A poisonous atmosphere was well established even before the terrorist explosions in Boston. Gold was in freefall, posting the worst selloff in decades on fear of European government sales. Chinese data had been disappointing, and worries about the U.S. economy had resurfaced. The mood overnight was […] More
