Central Bank Watch
Another Chilean Rate Cut
November 19, 2013
The Central Bank of Chile’s policy interest rate was reduced 25 basis points to 4.5%. Similarly sized cuts were implemented after the prior meeting on October 17 and in January 2012. Chile has experienced inflation below the 2-4% target, falling expected inflation, and slower growth in domestic demand. “The Board reiterates its commitment to conduct […] More
Central Bank Watch
Central Bank of the Republic of Turkey: No Rate Change but….
November 19, 2013
Key Turkish interest rates — a 4.5% one-week repo rate, a 7.75% overnight lending rate and a 3.5% overnight borrowing rate — were left unchanged by the Monetary Policy Committee. However, a decision was reached to eliminate monthly repo rates in hopes of reducing selling pressure on the lira, which has boosted inflation. Inflation indicators […] More
New Overnight Developments Abroad - Daily Update
Doubting the Recent Strength of Equities
November 19, 2013
Share prices have dropped back 0.9% in Spain, 0.7% in Italy, 1.0% in France, 0.5% in Britain and 0.4% in Germany. Equities also lost 1.2% in the Philippines, 0.7% in China, 0.6% in New Zealand and Australia, and 0.3% in Japan and Singapore. The U.S. dollar advanced 0.5% against the Australian dollar. Minutes from the […] More
