Archive for December 24th, 2014

Central Bank Watch

Central Bank of Turkey Maintains Tight Monetary Policy Settings

December 24, 2014

As expected, monetary officials in Turkey left their overnight lending rate at 11.25%, the overnight borrowing rate at 7.5%, and the key one-week repo rate at 8.25% after December’s policy review.  Inflation hovering near 9% is well above next year’s desired 6%, but a released statement today expresses optimism that inflation will recede at a […] More

New Overnight Developments Abroad - Daily Update

Little to Report on the Day Before Christmas

December 24, 2014

Deja Vu Item:  In a different suburb of St. Louis, Missouri, there’s been another fatal shooting of a black youth by a white cop. The dollar edged 0.2% lower overnight against the yen, euro, Swissie, kiwi and sterling and also slid 0.1% versus the loonie, Australian dollar and yuan. Many markets closed early for Christmas […] More