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Monday, February 20, 2017

Archives for August 2016

Turkish Central Bank

Turkish Central Bank lowered interest rate on overnight deposits

Turkish Central Bank lowered interest rate on overnight deposits for the sixth consecutive month by 25 basis points to 8.5%, despite high inflation and concerns about possible credit downgrades. The regulator left the interest rate on one-week repo unchanged at 7.5%. Turkish President Recep Tayyip Erdogan, who wants stronger growth based on consumption, made repeated

Japanese manufacturing activity

Japanese manufacturing activity showed signs of stabilizing in August

Japanese manufacturing activity showed signs of stabilizing in August, as corresponding index rose for the first time in six months. The Purchase Managers Index (PMI) rose by 0.3 points in August to 49.6 points, according to the seasonally adjusted data. The measure remains below 50 points, indicating that the sector is in contraction territory. The

Haruhiko Kuroda

Bank of Japan does not except reducing of already negative interest rates

Bank of Japan does not except reducing of the already negative interest rates, despite that the controversial policy failed to stimulate inflation or economic growth, according to the Governor of the Bank Haruhiko Kuroda. BoJ stunned markets in January when imposed interest rates of -0.1% for some deposits that banks provide to the central bank,

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