Archive for August 20th, 2013

Central Bank Watch

Turkish Monetary Policy Tightened Further in Anti-Inflationary Move

August 20, 2013

The overnight central bank lending rate, which was boosted 75 basis points in July, has been raised by a further 50 bps to 7.75% in an action that caught analysts by surprise.  In a statement of explanation, officials cited dangers posed by above-target inflation and financial market volatility (i.e. lira depreciation) and left the door […] More

New Overnight Developments Abroad - Daily Update

New Zealand and Australian Central Banks in Spotlight

August 20, 2013

Central bank remarks, concerns about China, and softer commodities weighed on the kiwi and Aussie dollar, which respectively fell by 1.0% and 0.5% against their U.S. counterpart. Governor Wheeler of the Reserve Bank of New Zealand announced planned bank lending curbs to rein in house price inflation to be used in lieu of a hike […] More