Interest rates
Erdo?an's aide says Turkish Central Bank may cut rates next week
Turkey's Central Bank may cut its overnight lending rate next week, despite stubbornly high inflation and a volatile lira, an advisor to President Recep Tayyip Erdo?an said on March 17.
Advisor Cemil Ertem said markets were expecting the Central Bank to keep rates on hold at its meeting next week, but there was also the chance of a rate cut.
Too early for Turkey to abandon wide rate corridor: Central Bank
It is too early for Turkey to abandon its use of a wide interest rate corridor in setting monetary policy, Central Bank Gov. Erdem Ba?ç? said on Jan. 21, batting back investor hopes the bank would soon simplify its system of using multiple rates.
The Fed interest rate that came with the winter chill
The lack of appetite in foreign capital, which has caused a big loss in value against the dollar in the past 2.5 years, cannot be explained by the Fed rate aloneIt was 2.5 years ago, in mid-2013, that then-U.S. Central Bank Fed Chair Ben Bernanke gave the signal that interest rates would be increased. His successor, Janet Yellen, finally did what needed to be done.
Turkish assets hold steady ahead of critical Central Bank meeting
Turkish stocks firmed on Dec. 21 and the Turkish Lira moved sideways ahead of a crucial interest rate decision that could help the Central Bank shake off fears about interference in monetary policy.
US Federal Reserve raises interest rates by 0.25%
US Federal Reserve has moved to its first interest rates increase since 2006.
The move takes the range of rates banks offer to lend to each other overnight – the Federal Funds rate – to between 0.25% and 0.5%, as BBC reports.
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Fed raises interest rates, cites ongoing US economic recovery
The Federal Reserve hiked interest rates for the first time in nearly a decade on Dec. 16, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.
Fed rate hike to underscore US strength, but emerging markets, including Turkey, face risks: Moody's
A potential increase in short-term interest rates by the Federal Reserve (Fed) after this week's FOMC meeting would confirm that the U.S. economic expansion remains on track, but higher rates could bring risks to some emerging market sovereigns, said Moody's Investors Service in a note on Dec. 14
Eyes on Fed amid nagging worries
After a long buildup that stirred waves of turbulence in global markets, the Federal Reserve finally is expected to end its seven-year crisis stance with an interest rate increase on Dec. 16.
Most bets are that the Fed will increase the benchmark federal funds rate for the first time in nearly a decade, signaling confidence in U.S. economic growth even as the rest of the world sags.
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Turkish Central Bank keeps rates on hold, awaiting Fed move
Turkey's Central Bank left interest rates unchanged on Nov. 24, opting to sit tight at its first meeting since a Nov. 1 election as it waits for an expected tightening by the U.S. Federal Reserve before following suit.
Inevitable rate hike and its negative effects
Global markets are being determined by expectations related to the U.S. Federal Reserve Fed?s rate decision. Because of the expectation that rate hikes will be delayed for a while, emerging countries? local currencies, including the Turkish Lira, are gaining value against the dollar and the euro.
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