Central Bank Watch
A Further “Simplification” of Tight Turkish Monetary Policy
June 21, 2016
The corridor between the Turkish overnight lending and borrowing rates was narrowed a third straight time. After cuts of 25 basis points in March and 50 bps in May, the lending rate was cut by another 50 basis points to 9.0%. At each of these meetings the borrowing rate of 7.25% and one-week repo rate […] More
Central Bank Watch
Hungarian Interest Rates Left Unchanged
June 21, 2016
Hungary’s Base Rate was lowered 490 basis points to 2.1% between August 2012 and July 2014, 65 basis points further to 1.35% between March and July of 2015, and by 15 basis points a month to 0.90% in March, April and May of this year. A statement released after this month’s decision to leave that […] More
