Central Bank Watch
250-Basis Point Turkish Central Bank Rate Hike Matches Expectations
December 21, 2023
In Turkey where CPI and PPI inflation last month stood at 62.0% and 42.3%, the one-week repo rate was lifted after the December monthly review of monetary policy by an additional 250 basis points to 42.5%. The Central Bank of Turkey‘s benchmark rate had fallen from 19.0% to 8.5% between September 2021 and February of […] More
New Overnight Developments Abroad - Daily Update
More Central Bank Decisions and U.S. Stock Futures Rebound ahead of GDP Data Releases
December 21, 2023
After Wednesday’s big round of profit-taking in U.S. equities, stock futures show a rebound of about 0.5% in pre-open trading. A final estimate of U.S. GDP growth in 3Q will be released at 08:30 EST (13:30 GMT); the prior estimate showed a sizzling 5.2% quarter-on-quarter pace expressed at an annualized rate. In other stock market […] More
