Archive for April 20th, 2016

Central Bank Watch

Central Bank of the Republic of Turkey

April 20, 2016

The monetary policy committee announced a follow-up reduction of its overnight lending rate, this time of 50 basis points to 10.0%.  As in March when such was lowered by 25 basis point, the other two central bank interest rates — a 7.5% one-week repo rate and a 7.25% overnight borrowing rate were not changed.  The […] More

Deeper Analysis

First Quarter U.S. GDP Growth

April 20, 2016

The earliest estimate by the Bureau of Economic Analysis of U.S. real GDP last quarter is scheduled to be released a week from tomorrow on April 28.  Other released data point to very weak growth, with a reasonable probability of a figure below 0.5% at a seasonal adjusted annualized rate (saar) and a chance even […] More

New Overnight Developments Abroad - Daily Update

Dollar Little Affected by Risk Aversion in Other Markets

April 20, 2016

Stocks in China, Hong Kong and Taiwan slumped 2.3%, 1.5%, and 1.4%.  A Chinese central bank official implied lessening inclination to ease. West Texas Intermediate crude oil dropped 2.3% to $40.14 per barrel on news that Kuwaiti workers called off their strike. The 10-year Japanese JGB yield dipped another basis point to a record low […] More