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October 2024

Russia increases policy rate to historical high level of 21%

ISTANBUL: The Bank of Russia increased its policy interest rate by 200 basis points to 21%, a historical high level, on Friday.

The bank has raised the rate from 8.5% to 19% since July 2023 through to September and the market expectation was 20% for …

China grants 100% duty-free access to imports from Afghanistan

ISTANBUL: China on Friday confirmed that imports from Afghanistan will be granted 100% duty-free access, state media reported.

Foreign Ministry spokesman Lin Jian said the measure ‘will promote bilateral trade cooperation and achieve mutual benefits….