News
ECB joins peers to keep rates on hold as Iran war clouds outlook
1+ hour, 43+ min ago (684+ words) The European Central Bank (ECB) kept its key interest rate unchanged at 2% on Thursday, joining the global peers as it warned that the "war in Iran was clouding the outlook for growth and inflation in the eurozone. Oil and gas…...
BoE holds rates steady, says 'ready to act' amid Middle East war
2+ hour, 22+ min ago (609+ words) The Bank of England (BoE) kept interest rates steady at 3.75% following similar moves by the U.S. Federal Reserve (Fed) and Bank of Japan (BOJ) as policymakers hiked inflation forecasts due to the war in the Middle East pushing up energy prices....
Turkish central bank writes open letter to government on inflation
4+ hour, 56+ min ago (583+ words) The Turkish central bank shared on Thursday the open letter addressed to the government and the Treasury and Finance Ministry, evaluating the disinflation process and describing the reasons that it said had curbed the pace of disinflation. Among the main…...
US ‘transitory’ inflation turns 5, still shaping economy
2+ day, 4+ hour ago (737+ words) This month marks five years since the worst U.S. inflation outbreak in a generation, a defining economic shock that continues to shape policy debates, sway national politics and frustrate Federal Reserve officials trying to restore the pace of price increases to…...
Poland's rise as Europe's economic champion: How did it happen?
2+ day, 6+ hour ago (1091+ words) A generation ago, Poland was rationing staples like sugar and flour, and its citizens earned just a fraction, about one-tenth, of West German wages. Today, its economy has surpassed Switzerland's, ranking as the world's 20th largest with annual output exceeding $1 trillion....
Türkiye's central budget balance shifts to surplus in February
3+ day, 4+ hour ago (193+ words) T'rkiye's central government budget recorded a surplus of nearly TL 24.4 billion ($554.5 million in February), shifting from a deficit of TL 310.1 billion in the same month a year earlier, according to official data released on Monday. Budget revenues surged 87.1% year-over-year to…...
Turkish central bank halts cuts in face of geopolitical tensions
1+ week, 4+ hour ago (452+ words) The Turkish central bank put its easing cycle on pause and left its key interest rate on hold at 37% on Thursday, taking a more cautious stance on monetary policy due to market fallout from the Iran war. "As uncertainty heightened…...
Türkiye's current account logs $6.8B deficit in January
1+ week, 1+ hour ago (150+ words) T'rkiye's current account balance logged a net deficit of $6.8 billion (TL 299.98 billion) in January, according to the official data released by the Central Bank of the Republic of T'rkiye (CBRT) on Thursday. The current account balance excluding gold and energy…...
When Türkiye's monetary policy meets global geopolitics | Opinion
1+ week, 18+ hour ago (479+ words) My observations regarding T'rkiye were particularly significant. Scarcely three months ago, I noted that 2026 would serve as a "threshold to test whether hard-earned trust can be preserved," emphasizing the vital importance of managing expectations and "policy confidence." The first major…...
When Türkiye's monetary policy meets global geopolitics
1+ week, 18+ hour ago (479+ words) My observations regarding T'rkiye were particularly significant. Scarcely three months ago, I noted that 2026 would serve as a "threshold to test whether hard-earned trust can be preserved," emphasizing the vital importance of managing expectations and "policy confidence." The first major…...