Quick Glance: Turkey strengthens policy shift with significant rate hike
- Turkey's central bank aggressively raises key interest rate by 750 basis points to 25% to address rebounding inflation.
- This is the steepest rate hike since the management reshuffle after the elections in May.
- The finance minister and central bank meet market expectations.
- A solid move by the central bank to exceed market expectations with a 750bps rate hike to 25%.
Quick Glance: ChatGPT boosts stock trading by 512% in Experiment
- Most gains come from Small-Cap stocks due to their higher trading costs and lower investor activity, creating a greater opportunity to profit from news.
- Lopez-Lira explains that GPT-3.5 is more aggressive by having the option to say, 'I don't know if this news is good or bad'.
- We requested consideration of price direction and a brief explanation, obtaining systematic results.
- Their competitive advantage will diminish over time.
Quick Glance: Lira Continues to Lose Value
- President Recep Tayyip Erdogan's economic team has initiated steps to reverse the policies that led to high inflation and the withdrawal of investors.
- Despite an inflation rate of almost 40%, the base interest rate remains at 15%, which is still significantly lower.
Quick Glance: Turkey's Inflation Rate Drops Despite Lira Plunge
- Turkey's June inflation rate lower than expected despite lira collapse after President Recep Tayyip Erdogan's re-election.
- Turkey's consumer price index increased by 3.92% month-on-month in June, according to official data.
- On an annual basis, inflation rose by 38.21%, slightly lower than Reuters' forecasts of 39.47%.
- In October, Turkey experienced an inflation rate of 85%.
Quick Glance: Cem Özdemir criticizes Erdogan supporters' celebrations in Germany after Turkish election
- Özdemir warns against rejection of pluralistic democracy
- Criticism of celebrations by Erdogan supporters in Germany
- Concerns about the future development in Turkey
- Car processions are a rejection of democracy
Turkish mobile revenue dips due to a weak lira, but player numbers remain on the rise. #Turkiye #GaminginTurkey #MobileGaming #PocketGamer
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