Turkey Keeps Hawkish Bias With Rates on Pause for Another Month [BNN Bloomberg (Canada)]
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ING Group, N.V. (ING)
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Source: BNN Bloomberg
The Monetary Policy Committee led by Governor Fatih Karahan left the one-week repo rate at 50% on Thursday, in line with the forecasts of all economists surveyed by Bloomberg. The MPC repeated that its policy will remain tight “until a significant and sustained decline in the underlying trend of monthly inflation,” according to a statement. The Turkish currency pared declines versus the dollar and traded little changed after the decision. Yields on 10-year lira government bonds extended their drop to 10 basis points to 28.55%. “In case of unanticipated developments in credit and deposit markets,” the central said it could introduce “additional macroprudential measures.” “Liquidity conditions are closely monitored,” it said. “Sterilization will be implemented effectively by also enriching the toolset whenever needed.” Rate cuts will probably remain off the table through much of the year as Turkish policymakers engineer a slowdown in the economy to lower one of the world's high
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- Sweden's central bank chief says 2 to 3 more rate cuts this year is a 'forecast not a promise' [MSNBC.com]MSNBC.com
- Sweden's central bank chief says 2 to 3 more rate cuts this year is a ‘forecast not a promise' [CNBC]CNBC
- Turkey Keeps Hawkish Bias With Rates on Pause for Another Month [Yahoo! Finance]Yahoo! Finance
- Turkey Keeps Hawkish Bias With Rates on Pause for Another Month [Yahoo! Finance Canada]Yahoo! Finance Canada
- Currencies from Colombia, Brazil Lead Emerging Peers Lower [Financial Post (Toronto, Ontario, Canada)]Financial Post
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