Turkey's central bank cut its key interest rate by 200 basis points
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Güneşli
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Güneşli
Turkey's central bank has decided to reduce the policy rate (one-week repo auction rate) from 18.00 percent to 16.00 on Thursday.
Turkish Lira weakens some 1.3% to 9.4 against the U.S. dollar after the bank’s Monetary Policy Committee rate decision.
“The Committee will continue to take its decisions in a transparent, predictable, and data-driven framework,” the bank said in a statement. (ILKHA)
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The European Central Bank (ECB) announced today that it will keep its three key interest rates unchanged, maintaining the deposit facility rate at 2.00%, the main refinancing operations rate at 2.15%, and the marginal lending facility rate at 2.40%.
Türkiye’s overall economic confidence improved slightly in October, according to data released on Thursday by the Turkish Statistical Institute (TurkStat).
Türkiye’s total final energy consumption in the industrial sector reached 1 million 717 thousand 368 terajoules in 2024, according to data released by the Turkish Statistical Institute (TurkStat) on Thursday.
The International Monetary Fund (IMF) has projected that the United States’ general government gross debt will soar to 143.4% of GDP by 2035, surpassing long-indebted European economies such as Italy (137%) and Greece (130%) — marking a sharp reversal in global fiscal rankings.
