Central Bank Watch
Turkish Monetary Officials Reluctant to Cut Rates Amid Heightened Risks
May 20, 2015
Monetary Policy Committee members chose to leave the central bank’s one-week repo rate at 7.5%, the overnight lending rate at 10.75%, and the overnight borrowing rate at 7.25%. Consumer prices rose 7.9% in the year to April. A statement released after today’s policy meeting sets a more cautious tone than government officials seek: Recently elevated […] More
eurozone construction output
Japanese GDP and FOMC Minutes
May 20, 2015
Japanese first-quarter real GDP growth of 2.4% at an annualized rate (SAAR) was the second increase in a row, the best quarter since 1Q14, and faster than street expectations of 1.5%. Growth last quarter was powered by stronger-than-predicted personal consumption (1.4%) and inventory building that augmented GDP growth by 2.0 percentage points (ppts). Net exports […] More
