Turkey »

  • Swissquote UUIIFXBR

    The BoJ maintained the pace of its annual monetary base increase unchanged at 80 trillion yen, while the core inflation (at 0-0.5% range) is seen as depressed. Japan FinMin Aso mentioned China as a downside risk to Japanese recovery, while ad

  • James Boston

    The US Federal Reserve ignored emerging market volatility and pressed ahead with announcing a further $10bn cut to the monthly bond purchase program. Although this move was well anticipated it did little to appease the uncertainty being experienced by the more vulnerable economies around the globe. The Turkish Lira gave up almost all of its

  • James Boston

    Asian markets have rallied overnight as decisive action by the Turkish Central Bank calmed fears of a full scale emerging markets crises. In an emergency late night meeting the benchmark overnight rate was raised by 425 basis points to 12% in a bid to stem the run on the plummeting Lira. The Turkish monetary authorities

  • James Boston

    Finally a pause in the emerging markets sell off that has been troubling investors for the past week. Slowing Chinese growth and a reduction in the US Federal Reserve stimulus program has seen a steady flow of funds out of emerging market ‘risk assets’. The current respite is ahead of the US FOMC meeting this