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Central Bank of Turkey Reduces 1-Week Repo rate to 8.75% from 9.75%
April 22, 2020
The Central Bank of Turkey’s one-week repo rate was cut twice as much as anticipated at today’s scheduled review of monetary policy. From 12% at the start of 2020, the rate has been lowered in each month and now becomes 8.75% after today’s full percentage point cut. A released statement observes that the global and […] More
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Bank of Mexico Cuts Policy Rate for Third Time since February
April 22, 2020
The Bank of Mexico Governing Board held an unscheduled meeting, cutting its policy rate for the third time this year. Along with reductions of 25 basis points in February and 50 bps in March, today’s 50-basis point decline reduces the rate to 6.0%. Policymakers also put together $31 billion of additional support “to foster an […] More
New Overnight Developments Abroad - Daily Update
More Macroeconomic Relief around the World
April 22, 2020
The U.S. Congress approved a fourth fiscal package that’s just a tad short of $500 billion. South Africa unveiled $26 billion of fiscal support, which is equal to about a tenth of GDP. The Bank of Mexico Governing Board held an unscheduled meeting, cutting its policy rate for the third time this year. Along with […] More
