Central Bank of Turkey
Central Bank Rate Changes Today in Turkey (-100 Basis Points) and the Philppines (+50 bps)
October 22, 2026
As was anticipated, officials at the Central Bank of Turkey lowered their one-week repo rate by a full percentage point to 36.0%. That was the rates first change since a similarly-sized cut last January, which in turn came after cuts totaling 900 basis points during the second half of 2025. The resumed rate-cutting cycle was […] More
More Risk Aversion and a Trio of Central Bank Interest Rate Decisions
October 22, 2026
It’s been another day of scary news from West Asia. After U.S. negotiator Witkoff sucked up to Russian President Putin and elicited an agreement to restart three-way peace talks among Ukraine, the U.S. and Russia, the latter struck its southern neighbor very hard militarily overnight. Even more worrisome, Washington has requested its diplomats to leave […] More
Rate Hike in Euroland But Central Bank Rates Left Unchanged in Serbia and Turkey
September 10, 2026
Central bank rate announcements today by the European Central Bank, National Bank of Serbia and Central Bank of Turkey each link policy closely to uncertainty created by the conflict between the United States and Iran. The ECB’s trio of policy interest rates was raised by 25 basis points as markets were widely expecting. The all-important […] More
Another Rise in Oil Prices Sends Equities Lower and Bond Yields Higher
September 10, 2026
The price of oil measured by both Brent (+5.3%) and West Texas Intermediate (+5.0% to $101 per barrel) is in triple-digit territory for the first time since mid-May. The Iranian allied Houthis scored a major tactical advantage in the Middle East war, Saudi Arabian oil production has been squeezed to a 35-year low, and the […] More
Much Stronger Oil Price Lifts Dollar Especially Against Rand Following Surprise Interest Rate Decision by South African Reserve Bank
July 23, 2026
The price of West Texas Intermediate crude oil catapulted around 5% higher overnight and is presently a bit above $91.0 per barrel.The price had fallen previously as low as $68.58 on the first day of this month. Iran and U.S. forces traded shots for a twelfth straight day, but today’s big development in that war […] More
Fresh Information
June 11, 2026
World financial markets were hit by several new developments this Thursday. On balance, equities are up, and 10-year sovereign debt yields are down. But these moves were trimmed after the announced rise in U.S. PPI inflation exceeded expectations. The dollar has not been affected much at all. The latest U.S. military operation against Iran has […] More
Investors Decide that Breakdown in Talks and Indefinite Extension of Ceasefire and Strait’s Continuing Shutdown Are Not the Worst Outcome
April 22, 2026
No progress has been made in breaking the U.S./Iranian impasse. Talks did not resume in Pakistan, and no timetable for when formal talks might be held has been disclosed. Each side is successfully maintaining a blockade, and the resulting shortfall in global oil supply continues to mount. A 1% overnight rise in the price of […] More
Turkish Central Bank Interest Rate Cut by Less than Forecast to 37% from 38%
January 22, 2026
As in Hungary, Turkey’s interest rate and inflation experiences this decade epitomize the danger of allowing politicians a voice in monetary policy-making. It rarely ends well. The Central Bank of Turkey‘s interest rate has been as low as 8.5% during much of the first half of 2023 and as high as 50.0% in much of […] More
Trump, Central Bank News & Plenty of Data Vying for Investors’ Attention
January 22, 2026
President Trump presented a much more compromising stance on Greenland at Davos than he had laid out prior to attending the conference. The resulting shift back into riskier assets that began yesterday carried into this Thursday’s session. On the central banking front, policy interest rates at the Bank of Norway and Bank Negara Malaysia were […] More
Turkish Central Bank Interest Rate Cut to 39.5%
October 23, 2025
A one-percentage point reduction of the Central Bank of Turkey‘s 1-week repo rate to 39.5% today is also aligned with market expectations. The rate had been as high as 50% from March 2024 though January of this year. But today’s rate drop was smaller than ones of 250 basis points last month and 300 bps […] More
