Archive for March 18th, 2014

Central Bank Watch

Central Bank of the Republic of Turkey: No Further Interest Rate Hike Now

March 18, 2014

Excessive inflation, fed in part by selling pressure on the lira, a big current account deficit, and lessening investor ease with emerging market investments prompted a “strong and front-loaded monetary tightening” in late January that saw hikes of 425 basis points in Turkey’s overnight lending rate, 450 bps in the overnight borrowing rate, and 550 […] More

New Overnight Developments Abroad - Daily Update

Tensions Escalate Between Russia and the West

March 18, 2014

Russian President Putin accepted Crimea’s request to be annexed, and Western economic sanctions were imposed in response, making a Russian recession virtually certain. Malaysian Flight 370 remains missing. More evidence emerged that Chinese economic growth faces downside risks. Reserve Bank of Australia Board minutes point to no policy change for some time. ZEW Institute March […] More