Turkish lira managed to stabilize after a reaction from the central bank

May 29, 2018 8:05 amComments Off on Turkish lira managed to stabilize after a reaction from the central bank
Turkish lira managed to stabilize after a reaction from the central bank

The Turkish lira stabilized after the decision of the central bank to raise one of its main interest rates and to simplify its policy as a sign that it could fight its currency devaluation without pressure from President Recep Tayyip Erdogan. The decision to simplify the policy comes after a major interest rate (the so-called short liquidity window interest rate) increased last week by 300 basis points to 16.5% to […]

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The IMF urged Turkish government to preserve the independence of its central bank

May 28, 2018 11:29 amComments Off on The IMF urged Turkish government to preserve the independence of its central bank
The IMF urged Turkish government to preserve the independence of its central bank

The IMF chief Christine Lagarde urged the Turkish government to preserve the independence of its central bank after confusion, which put pressure on the local currency (TRY). “Mixed signals about whether the central bank is free from political interference creates a sense of insecurity among investors, putting the currency under pressure”, said Christine Lagarde. “With regard to monetary policy, it is always better for all political leaders to allow central […]

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The value of the Turkish lira continues to fall

May 27, 2018 10:13 pmComments Off on The value of the Turkish lira continues to fall
The value of the Turkish lira continues to fall

The value of the Turkish lira continues to fall and reached a record low against the US dollar. The authorities in the country have already announced measures to break out of the current situation amid the forthcoming early presidential and parliamentary elections in late June. Turkish government demonstrates confidence that it controls the TRY crisis. The central bank reacted by raising loan interest rates from 13.5% to 16.5% and allowing […]

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Czech Republic considers its currency for more profitable than the Euro

3:40 pmComments Off on Czech Republic considers its currency for more profitable than the Euro
Czech Republic considers its currency for more profitable than the Euro

The Czech Republic considers its currency for more profitable than the Euro, according to the Prime Minister Andrej Babis. “I am very pleased with the Czech koruna and I think it is very useful for our economy because the Czech National Bank has the opportunity to intervene in the event of a problem”, said the prime minister at the opening of a Brno festival yesterday. His Slovak counterpart Peter Pellegrini, […]

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The US dollar grows along with the yields on US Treasuries

April 25, 2018 11:42 amComments Off on The US dollar grows along with the yields on US Treasuries
The US dollar grows along with the yields on US Treasuries

The US dollar appreciated at the beginning of foreign exchange trading on Wednesday, reaching the highest value since January. The growth of the US currency against the euro, the yen, the pound and other world currencies is due to the 3-percent rise in US Treasuries, for the first time since 2014. The Japanese currency strengthened after the country’s central bank lowered the volume of long-term bonds it purchased in the […]

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