Turkey is currently facing a dilemma: bringing a new rise of interest rate which could inevitably dampen the economic growth or letting the hyperinflation goes. Turkish Lira has lost 35% value against US dollar till today since the start of this year, and its already high inflation and domestic consumer prices such as food and […]
South Korea surprised the market — FIU
Looks likely we have seen the peak in 10yr US Treasury yields for this month and most likely the quarter. South Korea surprised the market today with a 25bp cut in its base rate to 2.5%, it follows the earlier than expected cut by the Australian Central Bank earlier this week. Why would Asian/Pacific central […]
The D word haunts everyone — FIU
Deflation is the scariest word! The FOMC statement last night managed somehow to avoid saying what surely should be what is on every member of the FOMCs’ lips- DEFLATION. The recent Federal Reserve Bank regional surveys have shown that inflation is falling and quickly, and the recent Business surveys from ISM in the US have […]