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September 18, 2024

Indonesia cuts interest rate for 1st time since February 2021

ISTANBUL: Indonesia’s central bank on Wednesday announced a cut in its policy rate by 25 basis points to 6%, in its first rate cut since February 2021.

Bank Indonesia had been gradually raising the rate since August 2022 from 3.75% to 6.25%, before k…

Eurozone inflation rate in August confirmed at over 3-year low

ANKARA: The eurozone’s annual consumer inflation rate in August slowed to more than 3-year low of 2.2% matching initial estimate, according to a second reading released on Wednesday.

The figure was down from 2.4% in July, Eurostat data showed.

Core …

Trkiye’s BIST 100 closes Wednesday on high note

ANKARA: Trkiye’s benchmark stock index finished Wednesday at 9,774.49 points, rising 0.17% from previous close.

After starting the day at 9,753.17 points, Borsa Istanbul’s BIST 100 index gained 16.35 points with a daily transaction volume of 63 billi…