Archive for August 15th, 2018

Central Bank Watch

Indonesia’s Fourth Central Bank Interest Rate Hike Since Mid-May

August 15, 2018

In the face of a wider current account deficit in Indonesia, intensifying global trade tensions, and Turkey’s crisis, which makes many emerging economies more vulnerable, Bank Indonesia’s key 7-day reverse repo rate was lifted by another 25 basis points to 5.50%. The deposit facility and lending facility rates also went up 25 basis points to […] More

New Overnight Developments Abroad - Daily Update

Global Equities Slide Amid Policy Changes in Turkey, China, and Indonesia

August 15, 2018

Turkey raised tariffs on a slew of U.S. imported goods, including the doubling of those on cars and alcoholic beverages. In a move to boost the beleaguered lira by impeding short selling of the currency, Turkish authorities also imposed curbs on currency swaps and similar vehicles. The U.S. dollar is down 3.3% against the lira […] More