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
