Economy

Russian Central Bank Governor: Dollar and Euro have become toxic to many

Russia’s Central Bank Governor Elvira Nabiullina said the dollar and the euro had become ‘toxic’ to many in Russia due to sanctions. Nabiullina made a statement to the press after the decision of the Central Bank of Russia to reduce the policy rate from 8 percent to 7.5 percent. Stating that the Russian people have high inflation expectations, Nabiullina said, “We are…
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Economy

The World Bank pointed to 2023! Financial crisis alert

The World Bank reported that the risk of global recession increases in 2023 as central banks simultaneously raise interest rates against high inflation. From the bank, “Is a Global Recession Near?” Central banks around the world have raised interest rates this year…
Economy

European Central Bank to discuss balance sheet reduction in early October

The European Central Bank (ECB), which went to its historic interest rate hike two days ago, agreed to start balance sheet reduction talks at the beginning of October. The European Central Bank (ECB) agreed to start balance sheet reduction talks at the beginning of October. In the Financial Times report, it was stated that the ECB may not replace the bonds that are due, most of which are in…
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Economy

Central Bank: Housing prices are expected to normalize

The Central Bank expects a normalization in housing prices with the liraization strategy. The Central Bank of the Republic of Turkey (CBRT) has published the Financial Stability Report. In the Financial Stability Report, “House prices are expected to normalize in the…
Economy

What happens to the Central Bank's interest rate decision, when will it be announced?

The Central Bank’s interest rate decision is expected to be kept constant in May. The Central Bank’s interest rate decision will be announced on Thursday, May 26 at 14:00. At the end of last year, the Central Bank gradually reduced the policy rate by 500 basis points to 14%, in line with the demands of President Erdogan, who defended the view that the interest rate causes inflation.
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Economy

When will the Central Bank interest rate decision be announced? What are the expectations for the interest rate decision in May?

Despite the fact that inflation reached 70 percent in April and is expected to continue to rise in the coming months, the Central Bank is expected to keep the interest rate constant at 14%. The Central Bank interest rate meeting will be held on May 26, and the interest rate decision will be announced on the same day. The Central Bank cut the interest rate to 14 percent after 500 basis points…
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