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 …

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…

ISTANBUL: Central banks around the world are gradually approaching the end of their tight monetary policies to fight inflation, while the potential results of the US elections continue to affect the global market.

Concerns over US President Biden’s h…