Archive for January 28th, 2014

Central Bank Watch

Turkish Central Bank: Bold Move or Hail Mary Pass

January 28, 2014

The rift between the government of Prime Minister Ergodan and the central bank just got a lot wider.  Ergodan could not have been more heavy-handed in pressuring the central bank not to hike interest rates, which it did not do at this month’s scheduled meeting on January 21.  That inaction and a deepening government scandal […] More

New Overnight Developments Abroad - Daily Update

Loads of Developments this Tuesday

January 28, 2014

The news from Europe, including fourth-quarter British GDP, higher-than-anticipated consumer confidence figures reported in both France and Italy, and Euroland’s index of leading economic indicators, has been upbeat. Money market rates in China rose in spite of another big liquidity injection by the central bank.  China reported a sharp slowdown in the growth of corporate […] More