Central Bank Watch
Central Bank of the Republic of Turkey
November 20, 2014
Turkey’s 8.25% one-week repo rate, 11.5% overnight lending rate, and 7.5% overnight borrowing rate were kept unchanged for a third straight monthly meeting. During meetings in May-July, they had respectively been lowered by 175 bps, 75 bps, and 50 bps, but officials are now resisting government pressure to ease, pledging instead to not do so […] More
Central Bank Watch
South African Repo Rate Left Unchanged at 5.75%
November 20, 2014
Officials at the South African Reserve Bank, who had raised their key interest rate by 50 basis points in January and 25 bps in July, continued to refrain from a third tightening. A released statement revised projected CPI inflation slightly lower (reflecting oil developments largely), predicted continuing weak growth next year, and observed persistent underlying […] More
New Overnight Developments Abroad - Daily Update
Scant Change in the Dollar on a Busy Data Release Day
November 20, 2014
The dollar has dipped 0.1% against the loonie, kiwi, and yuan and edged 0.1% higher versus the euro, Swissie and Australian dollar. Sterling is steady. The yen is down 0.2% on balance but touched new lows for the move overnight of 118.99 per dollar and 149.17 per euro. In the past two years since November […] More
