CALDEIRÃO DE BOLSA

Marcanov Escreveu:E o S&P 500 para cima, será um bom indicador para amanhã????
Cump`s

The Monetary Policy Committee (the Committee) has decided to adjust the short term
interest rates as follows:

a) Overnight Interest Rates: Marginal Funding Rate is increased from 7.75 percent to
12 percent, borrowing rate from 3.5 percent to 8 percent, and the interest rate on
borrowing facilities provided for primary dealers via repo transactions from 6.75 to 11.5
percent.
b) One-week repo rate is increased from 4.5 percent to 10 percent.
c) Late Liquidity Window Interest Rates (between 4:00 p.m. – 5:00 p.m.): Borrowing
rate is kept at 0 percent, lending rate is increased from 10.25 percent to 15 percent.

Recent domestic and external developments are having an adverse impact on risk
perceptions, leading to a significant depreciation in the Turkish lira and a pronounced increase
in the risk premium. The Central Bank will implement necessary measures at its disposal to
contain the negative impact of these developments on inflation and macroeconomic stability. In
this respect, the Committee decided to implement a strong monetary tightening and to simplify
the operational framework. Accordingly, (i) one-week repo rate is increased from 4.5 percent to
10 percent; (ii) the Central Bank liquidity will be provided primarily from one-week repo rate
instead of the marginal funding rate in the forthcoming period.
Tight monetary policy stance will be sustained until there is a significant improvement in
the inflation outlook. Under this policy stance, inflation is expected to reach the 5 percent target
by mid-2015.
It should be emphasized that any new data or information may lead the Committee to
revise its stance.
The summary of the Monetary Policy Committee Meeting will be released within five
working days.

http://www.tcmb.gov.tr/yeni/eng/

PRESS RELEASE ON

THE INTERIM MONETARY POLICY COMMITTEE MEETING

The Monetary Policy Committee will meet on 28 January 2014, Tuesday evening to discuss recent developments and take the necessary policy measures for price stability. The decision will be announced at 24:00 hours. The press release will be posted on the CBRT website.

http://www.tcmb.gov.tr/yeni/eng/

Turkey's central bank calls emergency meeting over lira plunge

The Turkish central bank has called an emergency meeting of its monetary policy committee for Tuesday, following a sharp fall in the lira against the euro and US dollar.

The bank said it would "discuss recent developments and take the necessary policy measures for price stability" at the meeting.

It set out its plans in a statement at midnight (22:00) GMT Tuesday.

The move comes amid market pressure for the bank to raise interest rates.

After the announcement, the lira firmed to 2.3420 against the dollar, compared with a record low of 2.39 earlier in the day. But it fell 0.5% against the euro to 3.17740.
Reluctance

Just last week, the central bank decided to hold rates steady at its rate-setting meeting.

Analysts say the central bank is reluctant to raise rates for fear of slowing economic growth ahead of local elections due in March.

The government has forecast that Turkish growth will pick up from an expected rate of 3.6% in 2013 to 4% for this year, sharply down from the 8% growth it achieved in both 2010 and 2011.

http://www.bbc.co.uk/news/business-25913095

Turkey Central Bank Fails to Arrest Lira Slide With Intervention

The Turkish central bank’s first unscheduled currency interventions in more than two years failed to stem the lira’s slide.

The currency plunged as much as 2 percent to a record 2.3029 per dollar after the central bank sold foreign currency in multiple attempts to shore up the lira. The bank bought the local currency because of “unhealthy price formations,” according to a statement on its website, which didn’t specify the size of the purchases. It sold about $3 billion, according to HSBC Holdings Plc, citing market estimates.

The central bank drained its net foreign-exchange reserves by $5.2 billion this year, according to figures from HSBC, as a corruption probe that came to light five weeks ago pummeled the currency more than any global peer apart from Argentina’s peso. The lira recovered to about 2.26 per dollar after the first round of interventions, before sliding further and prompting another move by the central bank, according to Baris Karaayvaz, a currency trader at Turkiye Garanti Bankasi AS.

“The only way they could support the lira is an interest rate hike,” Soeren Hettler, an analyst in Frankfurt at DZ Bank AG, said in e-mailed comments. “With comparatively small currency reserves the Central Bank of Turkey is not in the best position as market participants know this.”

The lira came under renewed pressure this week after the central bank held interest rates on Jan. 21. It fell for a ninth day versus the dollar today in the longest stretch of losses since 2001. Three-month implied volatility on the currency rose 8.8 percent to 14.34, the highest among developing-nation peers after Argentina’s peso, according to data compiled by Bloomberg.
Record Low

Today’s drop in the lira came as the Argentine peso tumbled 13.9 percent versus the greenback as the central bank scaled back support. The Turkish currency traded at 2.2935 per dollar and retreated...

http://www.bloomberg.com/news/2014-01-2 ... ecord.html

Sr_SNiper Escreveu:Bem, deixo aqui o ETF em dólares e EUR

Lyxor ETF Turkey - EUR
iShares MSCI Turkey Invest Mkt Index - USD

Não não temos culpa, se der para ganhar um trocado e ajudar este país à beira mar plantado tanto melhor, agora vou ver como está a dívida deles, venho já com novidades