‘Monetary measures boost Turkish economy’
The effects of the steps taken within the scope of monetary tightening and simplification have started to provide boost to Turkish economy, governor of Central Bank says
'We can do anything to reduce inflation'
United States Federal Reserve (Fed) Chairperson Jerome Powell said that they will not hesitate to take the necessary steps until inflation reaches the 2 percent target, while climate activists' slogans of 'Powell do your job' and 'Stop fossil financing' rose at the meeting
Economic crisis in Argentina growing
Annual consumer inflation in Argentina rose to 124.4 percent in August, reaching its highest level since 1991. With this figure, the rate of those below the poverty line in Argentina exceeded 40 percent. The annual inflation forecast of the Central Bank of Argentina (BCRA), which was 141 percent, was updated to 169 percent after the latest data was released.
Turkish economy forecast from world-renowned banks
World-renowned banks JP Morgan and HSBC updated their inflation and interest rate forecasts for Türkiye. HSBC bank raised its inflation forecast for Türkiye by 4 points and JP Morgan raised its forecast to 45 points before the policy rate to be announced by the Central Bank of Türkiye on Thursday.
Global interest rates to remain high, IMF says
International Monetary Fund (IMF) First Vice President Gita Gopinath stated that they expect global interest rates to remain high for a long time as the struggle to return inflation to targeted levels continues.
Moody's positive forecast for Turkish economy
International credit rating agency Moody's raised its growth forecast for the Turkish economy from 2.6 percent to 4.2 percent this year and from 2 percent to 3 percent next year.
Global markets continue to remain mixed
While global markets continued to search for direction amid uncertainties regarding monetary policies, eyes turned to the intense macroeconomic data agenda to be announced around the world today. While European stock markets were on a buying-heavy course yesterday, the news flow in China continues to be the focus of investors.
FED minutes released, inflation at risk
The minutes of the last meeting of the US Federal Reserve, in which the Fed raised interest rates by 25 basis points to a 22-year high of 5.25-5.50 percent, were published. Fed officials drew attention to the upside risk in inflation, which may require further tightening of monetary policy.
Poland blamed Russia and China
The Central Bank of Poland stated in the poster that it hung on the exterior of the building that the reason for the high inflation in the country was Russia, which started the war in Ukraine, and the coronavirus epidemic. Polish Central Bank Governor Adam Glapinski also evaluated the claims that the reason for the increase in inflation was due to the wrong policies they implemented as "nonsense".
OECD global growth projections
According to the latest OECD assessment, global growth will reach 2.6% this year and 2.9% next year. In addition, OECD countries also announced their GDP forecasts.
Japan's highest inflation rise in 41 years
Core Consumer Price Index (CPI) in Japan rose 4.2 percent in January 2023 compared to the same month of the previous year, after rising energy and raw material costs.
Inflation has eased globally but still remains high
Global supply lagging behind demand causes inflation to continue hovering at high levels. Despite central banks' rate hikes, high energy and food prices continue to push consumer and producer prices up in many regions, as global supply lagging behind overall demand has caused inflation to continue hovering at high levels.
Annual US consumer inflation up 8.5% in July, easing from 9.1% in June
Core consumer price index, excluding food and energy, rises 5.9% annually, below market estimate of 6.1%
Turkey enters rebalancing period: Finance minister
Inflation rate to drop 12% as of end of this year, and to single digits in 2020, says Berat Albayrak
Turkey's annual inflation slips to 15.01% in August
Annual inflation in August down from 16.65% previous month, TurkStat data shows
Turkey's annual inflation rate at 19.71 pct in March
New data shows yearly inflation in March slightly up 0.04 percentage point from 19.67 percent previous month