Central Bank Watch
Turkey and Indonesia
December 22, 2022
The Central Bank of Turkey did not cut its one-week 9.0% repo rate further at this month’s review, adhering to the pause that was signaled earlier. The key interest rate had been slashed by a combined 500 basis points at the four previous monthly meetings on top of of 500 basis points of reduction in […] More
New Overnight Developments Abroad - Daily Update
Fresh Reality Check Drives Stocks, Bonds and Crypto Lower but Dollar Up
December 22, 2022
The dollar strengthened 0.8% against the New Zealand currency, 0.6% relative to sterling, 0.5% versus the Australian and Canadian dollars, and 0.4% vis-a-vis the Swiss franc but just 0.1% against the euro and not at all versus the Japanese yen or Chinese yuan so far today. Equities had done mighty fine in the Pacific Rim, […] More
