Sunday, November 28, 2021

Turkish Central Bank Rate Cut

Turkish monetary policy has become very politicized this year, conforming to the wishes of President Erdogan’s view that inflation conforms positively, not inversely, to changes in the central bank interest rates. Erdogan has secured his desired downtrend in Turkey’s one-week repo rate by replacing policymakers at the Central Bank of Turkey who disagreed with him. […]

* This article was originally published here

Friday, November 26, 2021

South African Interest Rate Hike

The South Africa Reserve Bank’s repo rate was increased by 25 basis points to 3.75% from a record low of 3.5% in place since April 2020. The approved decision passed by a narrow 3-2 vote by members of the Monetary Policy Committee. Analysts had been anticipating an initial rate hike this month. CPI inflation has […]

* This article was originally published here

Thursday, November 25, 2021

Pound US Dollar Exchange Rate News: GBP/USD Mixed Overnight as Fed Minutes Released

US Dollar (USD) Mixed Following Fed Meeting Minutes The US Dollar (USD) is trading in a narrow range against the Pound so far this morning. The November Federal Reserve meeting minutes were released last night and alluded to faster tapering than previously expected, with a recuperating jobs market and 30-year-high...

* This article was originally published here