Monetary Policy

New Austrian central bank head sets out hawkish line for ECB

The Governing Council holds its next policy meeting on September 12 and has all but promised a stimulus package, with economic growth faltering as a global trade war rumbles on and Germany’s manufacturing sector already in recession.

Turkish Central Bank cuts year-end inflation forecast

The inflation rate will fluctuate between 11.5 percent and 16.3 percent through the end of this year, Central Bank Governor Murat Uysal said during Inflation Report 2019.

Turkey to see lower interest rates – finance minister Albayrak

Finance and Treasury Minister Berat Albayrak says over $10 billion in foreign investments entered Turkey since May, and the Turkish economy will grow "positively this year."

US Federal Reserve lifts rates for 4th time this year but sees fewer hikes

The Fed's move came despite President Donald Trump's attacks in recent weeks on its rate hikes and on Chairman Jerome Powell personally.

Turkish Central Bank revises inflation forecasts

The Turkish Central Bank on Wednesday forecasted Turkey's year-end inflation rate to reach 23.5 %, adding it would fluctuate between 21.9 % and 25.1 % through to the end of year.

Trade war seen among threats to US economic upturn

September 15 marks the 10th anniversary of the collapse of Lehman Brothers. It was the fourth largest US investment bank at the time, and its demise is considered one of the defining moments of the 2008 financial crash.

Turkey's central bank hikes key interest rate to 24 percent

Its monetary committee decided to "implement strong monetary tightening to support price stability," it said on Thursday, as it raised interest rates by 625 basis points in the face of a spike in inflation and a slump in the lira.

Is volatility in the Turkish lira driven by speculative attacks?

The Turkish economy is facing challenges, however, part of this is speculation aimed at weakening the country.

Egyptians suffer as high inflation bites

Seventy million out of Egypt's 95 million people now rely on government ration cards to buy food as the cost of living in the country has increased.

Turkish Central Bank hikes interest rates

Turkey's Central Bank raises late liquidity window interest rates from 13.50 to 16.50 percent.

US Federal Reserve raises interest rates

The move, coming at the final policy meeting of 2017 and on the heels of a flurry of relatively bullish economic data, represented a victory for a central bank that has vowed to continue a gradual tightening of monetary policy.