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
