Central Bank Watch
European Central Bank Interest Rates Left Unchanged
September 11, 2025
The European Central Bank‘s deposit rate was kept at 2.0% today as widely anticipated. This was the second review without a cut following eight straight cuts totaling 200 basis points from June 2024 and June 2025. Today’s statement says that “Inflation is currently at around the 2% medium-term target and the Governing Council’s assessment of […] More
Central Bank Watch
Bigger-Than-Forecast Turkish Central Bank Rate Cut
September 11, 2025
A reduction of the Central Bank of Turkey‘s one-week repo auction rate to 40.5% from 43.0% exceeded analyst expectations and the sixth policy rate change amounting to 250 basis points or more since December. Not all of those moves were reductions, however. Three consecutive 250-bp cuts last December, January and March were followed by a […] More
New Overnight Developments Abroad - Daily Update
Markets Steady As Investors Await ECB Decision, U.S. August CPI Figures, and Fallout from Shooting of Charlie Kirk
September 11, 2025
Two and a half hours prior to U.S. released consumer price data, the weighted DXY dollar index was marginally above Wednesday closing levels. Gains ranged from 0.1% against the euro and Swiss franc to 0.3% relative to the yen and Canadian, New Zealand and Australian currencies. Ten-year sovereign debt yields had risen a basis point […] More
