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August 28, 2024

War’s economic ramifications increase, Bank of Israel says

ISTANBUL: Bank of Israel has kept its policy rate at 4.5% on Wednesday by saying “Since the outbreak of the war, and in recent months in particular, geopolitical uncertainty and its economic ramifications have increased.”

“These, alongside the fiscal…

IMF approves new credit line for Chile worth $13.8B

ISTANBUL: The International Monetary Fund (IMF) said it approved a new two-year flexible credit line for Chile worth $13.8 billion.

Chile qualifies for the flexible credit line by its strong economic fundamentals and institutional policy frameworks, …