Archive for July 27th, 2017

Central Bank Watch

Central Bank of the Republic of Turkey Fails to Loosen Policy Stance

July 27, 2017

The central bank lending rate has been at 9.25% since hikes of 25 basis points in November 2016 and 75 bps in January of this year. A statement released after the latest policy review observes improved domestic demand and inflation but cautions that “although recent improvements in cost factors and expected partial correction in food […] More

New Overnight Developments Abroad - Daily Update

Market Churning and in Search of New Direction

July 27, 2017

A mixed day for the dollar this Thursday with a rebound of 1.1% against the Swiss franc and 0.3% relative to the euro and loonie. The dollar also edged up 0.1% versus the peso, yen and kiwi but has lost 0.2% against the yuan and 0.1% versus sterling. Stocks advanced 0.9% in Taiwan, 0.8% in […] More