Central Bank Watch
Central Bank of the Republic of Turkey Holds its Fire
January 19, 2016
World financial market volatility did not simmer down after Turkey’s Monetary Policy Committee meeting on December 22, so policymakers did not act on the conditional promise expressed in that meeting’s statement to the public that said, “should the decline in volatility observed after the start of the global policy normalization persist, monetary policy simplification steps […] More
New Overnight Developments Abroad - Daily Update
Some Market Relief after Chinese Data Announced
January 19, 2016
The eagerly awaited Chinese economic data confirmed slower growth late in 2015 but not as much so as feared. Chinese data are notoriously distrusted, so one has to wonder how long today’s rally will last. The dollar fell 1.1% against the Australian dollar, 0.7% versus the loonie, 0.2% relative to the kiwi and sterling and […] More
