Central Bank Watch
Turkish Central Bank Rate Cut Exceeds Expectations
December 26, 2024
Turkey’s one-week central bank repo rate was reduced to 47.5% from 50.0%. The previous change, a 500-basis point hike in March 2024 had culminated a massive 4100 basis points of tightening begun in June 2023. A released statement from the Central Bank of Turkey‘s monetary policy committee defended the size today’s interest rate cut that […] More
New Overnight Developments Abroad - Daily Update
Many Markets Remain Closed, Korean Won & Turkish Lira Falter
December 26, 2024
Holiday closures continued Thursday in most of Europe, Canada, Australia, New Zealand, Indonesia, South Africa, and other parts of Africa. The dollar strengthened 0.5% against the South Korean won and 0.3% versus the Turkish lira. South Korean President Han Duck-Soo faces impeachment, and the Central Bank of Turkey’s one-week repo rate was slashed by a […] More
