Central Bank Watch
Turkish Central Bank Rate Cut
February 23, 2023
The Central Bank of Turkey‘s policy interest rate has swung widely since 2019. In 2020 when the pandemic first hit, the rate was initially cut by a total 375 basis points to 8.25% in January-May but then hiked 1,075 basis points to 19.0% by March 2021. Later that year, the rate was slashed 500 basis […] More
New Overnight Developments Abroad - Daily Update
Reacting to FOMC Minutes and Awaiting More U.S. Data Reports
February 23, 2023
FOMC minutes published Wednesday afternoon confirmed that some policymakers at the Fed leaned toward a 50-basis point hike rather than the 25-bp increase agreed upon. Consideration of a pause in tightening was off the table, and there was widespread consent that more rate hikes will be necessary. Investors now await revised 4Q U.S. GDP figures, […] More
