On 21 September, the Central Bank of Turkiye (CBRT) raised its policy rate by 500 basis points (bp) to 30%, following a larger-than-expected 750bp increase in August and a more moderate pace
Rather than pausing as expected by many observers, the European Central Bank (ECB) raised its main refinancing operations (MRO) rate by 25 basis points (bps) to an all-time high of 4.5% to
The Central Bank of Turkey removing the first-tier threshold of the security maintenance ratio requiring banks to hold a defined percentage of government securities as reserves against loans is welcomed by Moody’s.
By Moody’s Analytics The U.S. disinflationary forces gathered steam in June. The U.S. consumer price index rose 0.2% in June, in line with our below-consensus forecast. This comes on the heels of
Persistently high inflation and the recent spike in lending rates will trigger a correction in the UK housing market, a Moody’s analysis predicts. “We expect a decline of up to 10% in
Turkiye President Recep Tayyip Erdoğan’s re-election will likely lead to a continuation of unorthodox economic policies and the central bank’s (CBRT) extraordinarily loose monetary policy, argues Moody’s analysis. The policy stance has
By Moody’s Analytics The details to April’s U.S. consumer price index were more favourable than the topline figure would suggest at first glance. Excluding food and energy, the CPI was up 0.4%
Moody’s has identified Cyprus as a “potential rising star” to see its rating raised to ‘investment grade’ after 11 years of lingering in junk mode, according to a report released on Monday.
By Moody’s Analytics The U.S. economy had perked up in the second half of 2022, with growth averaging near a modestly above trend 3%. However, this came on the heels of declines
By Moody’s Analytics The Federal Open Market Committee meeting this week was as highly anticipated as any in recent memory. And that’s saying something given the turbulence of the past three years.