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July 2024

Trkiye’s year-end inflation forecast down to 42.95%

ISTANBUL: Trkiye’s annual inflation rate is projected to drop to 42.95% by the end of this year, according to a Central Bank survey released on Monday.

The previous estimate of the survey, based on market participants, was 43.52%, the bank’s statemen…

Germany says it is ‘not supporting Israeli occupation policy’

BERLIN: Germany said on Monday it is “not supporting the Israeli occupation policy” after the UN court affirmed Palestinians’ right to self-determination and ruled that Israeli settlements in the occupied territories must be evacuated.

While Germany …

China surprises markets with unexpected interest rate cuts

ISTANBUL: China’s central bank, the People’s Bank of China (PBC), unexpectedly decided to lower its interest rates by 10 basis points on Monday.

The one-year loan prime rate (LPR) dropped to 3.35%, and the over-five-year LPR decreased to 3.85%.

The …