Tag Archives: Michel Temer

Summary China announced that it will remove foreign ownership limits on banks and other measures to open up the financial sector. Central Bank of Turkey lowered commercial bank FX reserve requirements in an effort to support the lira. US-Turkey relations appear to be thawing slightly. Middle East tensions are rising on a variety of fronts. Argentina central bank unexpectedly hiked rates again. Former President Cardoso...

Summary Philippine Environment Department suspended 5 mines and closed 21 after a nationwide audit. The Turkish central bank raised its end-2017 forecast from 6.5% to 8% due largely to the weak lira. Central Bank of Turkey finally got around to releasing the schedule of its MPC meetings this year. Fitch downgraded Turkey last Friday to sub-investment grade BB+, as expected. Allies of Brazil President Michel Temer...