Tag: turkey

Rate Cuts around the world

Rate decisions all round. The Reserve Bank of India is likely to announce that it’s going to trim the current base interest rate of 7.75% in a bid to increase growth. Australia is also set to cut its interest rate, despite worries that it will damage the housing […]

Turkey’s Central Bank caves on interest rates

http://www.al-monitor.com/pulse/originals/2015/01/turkey-central-bank-political-pressure.html?utm_source=Al- Exasperated with long-standing political pressure, Turkey’s Central Bank seems to have caved in, moving to meet the demands of the president and the government to lower interest rates. At its Jan. 20 meeting, the Central Bank’s Monetary Policy Committee lowered the benchmark one-week repo rate from 8.25% […]