Central Bank Watch
Central Bank of the Republic of Turkey
January 18, 2018
Turkish central bank interest rates were not changed at the latest policy review. The one-week repo rate has been at 8.0% since a 50-basis point increase in November 2016. And the 9.25-7.25% overnight lending/borrowing rate corridor has existing since the lending rate was raised a year ago by 75 bps to 9.25%. Turkey is getting […] More
Central Bank Watch
Bank Indonesia
January 18, 2018
Indonesia’s seven-day repo rate of 4.25% since last September was again left unchanged. A released statement observes a more resilient domestic economy, including a sounder current account, low inflation supported by positive supply and demand factors and no major external pressures, ample capital inflows, a stable currency, and record reserves. The key central bank interest rate […] More
Central Bank Watch
Bank of Korea
January 18, 2018
South Korea’s central bank interest rate had been at 1.25% from June 2016 until late November of 2017 following five 25-basis point cuts in the space of 2-1/4 years. At the end of November, monetary authorities enacted their first increase since 2011, raising the rate by 25 bps to 1.5%. In doing so, the Bank […] More
New Overnight Developments Abroad - Daily Update
Dollar Down Marginally Even as 10-Year Treasury Yield Rises to 10-Month High
January 18, 2018
Released Chinese data were close to expectations. Real GDP grew 1.6% on quarter in 4Q, least in three quarters, but an on-year advance of 6.8% matched the 3Q result. Real economic growth in 2017 of 6.9% exceeded 2016’s 6.7% pace, marking the first calendar year acceleration since 10.6% in 2010 after 9.4% in 2009. Property […] More
