Japan Does What it Threatened, Turkey Surprises
Japan acts to take the yen lower and Turkey resets everything — time for your central bank FX Fix.
Turkey surprised by cutting its policy rate to an all-time low, and the lira fell. [FT]
Brazil would like to follow suit with the real, but its options are limited. [WSJ]
As expected, the Bank of England left British interest rates unchanged at its meeting. [CNBC]
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