Turkey Central Bank

Turkish Lira Erases its Economic Attack Losses

Turkish Lira Erases its Economic Attack Losses

The Turkish lira has erased nearly all its recent losses after Qatar overnight offered Turkey an economic support package worth +$15B. On Monday, TRY broke record lows and outright has threatened to lift inflation even higher, causing concerns of an economic meltdown in Turkey.

Turkey’s Central Bank Holds Rates Steady

Turkey’s Central Bank Holds Rates Steady

“The Central Bank will continue to use all available instruments in pursuit of the price stability objective." said Turkey's Central Bank after choosing not to raise  interest rates this morning. 

Five Things The Markets Are Talking About: Monday January 9, 2017

Five Things The Markets Are Talking About: Monday January 9, 2017

Last Friday’s U.S. December employment increased less than expected (+156k vs. +176k), but the markets interpretation in a rebound in wages (+0.4% m/m) suggests a sustained labor market momentum that sets up the domestic economy for stronger growth and further interest rate increases from the Fed in 2017.