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July 2026

Bank of England Holds Rate Steady Amid Energy Concerns

Ankara: The Bank of England on Thursday kept its policy rate unchanged at 3.75% as easing inflation offset growing price pressures from higher energy costs. The Monetary Policy Committee voted 6-3 to maintain the rate, while three members supported a …

Chinese Yuan Reaches Highest Level Since February 2023

Ankara: China’s yuan strengthened to its highest level since February 2023 on Thursday, supported by a weaker US dollar and a firmer reference rate set by the country’s central bank. The offshore yuan, which trades more freely outside mainland China, …