Turkey leaves interest rate unchanged
Synopsis by FAZ.NET Jun 23 22
Prices in Turkey are rising faster and faster, and the currency is weakening. Nevertheless, the monetary guardians continue to bow to the word of the president ...Read full articleFAZ.NET: 73 percent inflation, yet Turkey's central bank does not raise key interest rate
Story Details
| Last Updated | Jun 23 22 |
| Total Articles | 3 |
Main Topics
News on this topic
How Erdoğan also wants to control social media: A new media law could severely restrict expression on social and online media
kurier.at/mehr-platz/neues-mediengesetz-erdogan-will-soziale-medien-kontrollieren/402051379
Turkey leaves interest rate unchanged: In Turkey, consumer prices have recently risen by 73.5 percent compared to the same month last year ...
tagesspiegel.de/wirtschaft/trotz-hoechster-inflationsrate-seit-1998-tuerkei-laesst-leitzins-unveraendert/28450004.html
More news on this subject
Previous
How Erdoğan also wants to control social media: A new media law could severely restrict expression on social and online media
kurier.at/mehr-platz/neues-mediengesetz-erdogan-will-soziale-medien-kontrollieren/402051379
Turkey leaves interest rate unchanged: In Turkey, consumer prices have recently risen by 73.5 percent compared to the same month last year ...
tagesspiegel.de/wirtschaft/trotz-hoechster-inflationsrate-seit-1998-tuerkei-laesst-leitzins-unveraendert/28450004.html
CBRT showed it'll do 'whatever is necessary' for disinflation: Governor: Türkiye's central bank has shown how serious it is about ensuring disinflation ...
dailysabah.com/business/economy/cbrt-showed-itll-do-whatever-is-necessary-for-disinflation-governor
Equities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey
techcrunch.com/2024/04/19/equities-platform-midas-raises-45m-series-a-as-fintech-retains-its-sparkle-in-turkey/
Quick Glance: Midas Raises $45M in Series A Funding
- A fintech startup called Midas has successfully raised $45 million in a funding round led by Portage Ventures of Canada. This enables investors in Turkey to invest in US and Turkish equities.
- With over 2 million users in Turkey's retail market, Midas offers lower transaction and commission fees for Turkish customers. Additionally, the company provides financial content, real-time stock market data and news, as well as company profiles to educate the market.
- The new funding is intended to introduce three new products: cryptocurrency trading, mutual funds, and savings accounts. Midas plans to expand beyond Turkey and target countries in the MENA region.
- Other participants in the round included International Finance Corporation, Spark Capital, Earlybird Digital East Fund, and Revo Capital. Previously, Midas had already completed a $11 million seed round in 2022 and aims to strengthen its presence in the Turkish financial sector.
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
Türkiye's 1st EV, spacious Togg T10X is smart as it gets: Türkiye is less known for its car industry but the innovative first electric SUV from the Bosporus ...
dailysabah.com/business/automotive/turkiyes-1st-ev-spacious-togg-t10x-is-smart-as-it-gets
World Bank to provide $416 mln loan to Turkey to reduce air pollutants: The World Bank said on Friday that it signed a $416 million loan agreement with the ...
reuters.com/world/middle-east/world-bank-provide-416-mln-loan-turkey-reduce-air-pollutants-2024-04-19/
Western states sought to send de-escalation messages to Iran via Turkey, Western diplomat says
reut.rs/3xJYOKR
Quick Glance: Western States Utilize Turkey as Intermediary for De-escalation Messages to Iran: Diplomat
- Recently, Western states have attempted to communicate messages to Iran via Turkey to reaffirm calls for de-escalation, as reported by a Western diplomat on Friday.
- These messages were transmitted before the reported Israeli attacks on Iran early Friday, resulting in Tehran stating it had no intentions for additional retaliation.
- Following Iran's retaliatory strike on Israel over the weekend, Turkey's foreign ministry acknowledged engagements with Iran and the United States, emphasizing the need for restraint and cautioning against a potential regional conflict with further escalating tensions.
- Acting US Under Secretary of State John Bass visited Ankara earlier this week and held discussions with Turkey's top diplomat Hakan Fidan. A US official mentioned: 'They deliberated on the crucial importance of averting additional escalations or a broader conflict in the region.'
German gov't report underscores Erdogan's willingness to kidnap opponents from abroad - Nordic Monitor
nordicmonitor.com/2024/04/german-government-report-highlights-erdogans-willingness-to-kidnap-opponents-from-abroad/
Mum dies on hospital bed while undergoing gastric weight loss surgery in Turkey: Leanne Leary, 38, suffered a cardiac arrest on the operating table.
dailyrecord.co.uk/news/uk-world-news/mum-dies-hospital-bed-undergoing-32622533
Erdoğan says Greek PM's visit aims to strengthen ties - Türkiye News: President Recep Tayyip Erdoğan has said Greek Prime Minister Kyriakos Mitsotakis' ...
hurriyetdailynews.com/erdogan-urges-more-efforts-to-end-gaza-conflict-192658
Turkish combat drones help Mali control its lands: FM Diop: Turkish unmanned combat aerial vehicles (UCAVs) are of great help to Mali in controlling its lands ...
dailysabah.com/business/defense/turkish-combat-drones-help-mali-control-its-lands-fm-diop
British passengers flying to Turkey drink all plane’s booze: The passengers were described as ‘hedonistic’ by the airline
independent.co.uk/travel/news-and-advice/british-passengers-turkey-plane-alcohol-b2531566.html
Cash: Germans' assets at record value - Daily money is also popular: The Germans have more money in their pockets again. The reason for this is higher interest ...
t-online.de/finanzen/aktuelles/id_100388504/bargeld-vermoegen-der-deutschen-auf-rekordwert-auch-tagesgeld-beliebt.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
Fiscal policy to support Central Bank’s fight against inflation: Şimşek - Latest News
hurriyetdailynews.com/fiscal-policy-to-support-central-banks-fight-against-inflation-simsek-192648
Turkey calls for restraint to avoid wider Middle East conflict: Turkey on Friday called on all sides to refrain from steps that could lead to a wider conflict in ...
ekathimerini.com/news/1236862/turkey-calls-for-restraint-to-avoid-wider-middle-east-conflict/
Bag of Rice Still Selling for Up to N84,000 in Lagos: To verify if a bag of rice indeed sells for N60,000, FIJ took to two food markets in Lagos to ask the ...
fij.ng/article/bag-of-rice-still-selling-for-up-to-n84000-in-lagos/
Escalating Middle East tensions a fresh jolt to world markets: Reports of an Israeli attack on Iranian soil that possibly drags the Middle East into a deeper ...
reuters.com/markets/global-markets-middle-east-graphic-2024-04-19/
5.6 magnitude quake hits central Turkey: A moderately strong earthquake has struck central Turkey, the country’s disaster management agency said ...
ekathimerini.com/news/1236794/5-6-magnitude-quake-hits-central-turkey/
Mum-of-3 died in Turkey after weight loss surgery she 'desperately wanted': Leanne Leary had an undiagnosed deep vein thrombosis which led to her having a heart ...
lancs.live/news/uk-world-news/mum-three-died-turkey-after-29024041
Türkiye nominates 3 more cultural heritages to UNESCO for evaluation: The Ministry of Culture and Tourism has nominated three cultural heritage elements to be ...
dailysabah.com/arts/turkiye-nominates-3-more-cultural-heritages-to-unesco-for-evaluation/news
Egyptian top diplomat due in Ankara for Gaza talks - Türkiye News: In line with the intensified efforts for a ceasefire between Israel and Hamas ...
hurriyetdailynews.com/egyptian-top-diplomat-due-in-ankara-for-gaza-talks-192653
Turkey says it aims to drill for oil off Somali coast next year: Turkey hopes to conduct a deep-sea oil drilling operation off the Somali coast in 2025 ...
ekathimerini.com/politics/foreign-policy/1236861/turkey-says-it-aims-to-drill-for-oil-off-somali-coast-next-year/
Türkiye aims to drill for oil off Somali coast next year: Türkiye hopes to conduct a deep-sea oil drilling operation off the Somali coast in 2025 ...
dailysabah.com/business/energy/turkiye-aims-to-drill-for-oil-off-somali-coast-next-year
Hamas leader Haniyeh to visit Turkiye this weekend: Erdogan: Istanbul: Turkish President Recep Tayyip Erodgan said Wednesday he will host the leader of ...
arabnews.com/node/2494691/middle-east
Erdoğan attributes local election defeat to AKP supporters’ abstention: Turkish President Erdoğan has attributed his party’s local election defeat to AKP ...
duvarenglish.com/erdogan-attributes-local-election-defeat-to-akp-supporters-abstention-news-64218
Turkish Airlines nears $20B parts deal with Airbus, Rolls-Royce: Türkiye's national carrier Turkish Airlines (THY) is set to sign an agreement with Airbus ...
dailysabah.com/business/economy/turkish-airlines-nears-20b-parts-deal-with-airbus-rolls-royce
CHP supports labor unions’ call to celebrate May 1 in Taksim Square: Turkey’s main opposition, the Republican People’s Party (CHP) has invited all workers to ...
duvarenglish.com/chp-supports-labor-unions-call-to-celebrate-may-1-in-taksim-square-news-64224
Wild goat herds captured on camera in Munzur Mountains: Wild goat herds were captured on camera with the arrival of the spring in the Munzur Mountains of ...
duvarenglish.com/wild-goat-herds-captured-on-camera-in-munzur-mountains-gallery-64221
UN chief warns Mideast on brink of 'full-scale regional conflict' - World News
hurriyetdailynews.com/un-chief-warns-mideast-on-brink-of-full-scale-regional-conflict-192626
Average mortgage holder spending record $2,800 on monthly payments: The median monthly mortgage payment jumped 11% in the past year due to surging interest rates ...
businessinsider.com/mortgage-payments-housing-market-interest-rates-house-prices-sales-2024-4
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Ankara slams EU for linking ties with Türkiye to Cyprus issue - Türkiye News: Ankara has criticized the European Union for linking Türkiye-EU ties to the Cyprus ...
hurriyetdailynews.com/ankara-slams-eu-for-linking-ties-with-turkiye-to-cyprus-issue-192619
Erdoğan seeks new momentum with Iraq in key visit: Experts weigh in on the president’s first trip in 12 years to Türkiye’s southern neighbor ...
dailysabah.com/politics/news-analysis/erdogan-seeks-new-momentum-with-iraq-in-key-visit
Justice minister denies that civil servant interviews included questions on Erdoğan's family
duvarenglish.com/justice-minister-denies-that-civil-servant-interviews-included-questions-on-erdogans-family-news-64220
Medusa mosaic in Türkiye's Burdur reopens for visitors after winter break: The Medusa figure, with subtle details of her physique and ornaments ...
dailysabah.com/arts/medusa-mosaic-in-turkiyes-burdur-reopens-for-visitors-after-winter-break/news
Petrol and diesel back to nearly €2 a litre as drivers hit by biggest price rise this year
independent.ie/business/personal-finance/petrol-and-diesel-back-to-nearly-2-a-litre-as-drivers-hit-by-biggest-price-rise-this-year/a1753249448.html
Brit mum dies after going to Turkey for secret £2,000 weight loss operation: Leanne Leary, 38, suffered a cardiac arrest while on the operating table for a ...
mirror.co.uk/news/uk-news/british-mum-dies-complications-after-32623626
Hamas leader Haniyeh to meet President Erdoğan in Turkey: Ismail Haniyeh, leader of the Palestinian Islamist group Hamas, will travel to Turkey at the weekend to ...
duvarenglish.com/hamas-leader-haniyeh-to-meet-president-erdogan-in-turkey-news-64213
Iranians lead surge in foreign-owned businesses launched in Turkey, prompting security concerns - Nordic Monitor
nordicmonitor.com/2024/04/iranians-spearhead-surge-in-foreign-owned-businesses-launched-in-turkey-prompting-security-concerns/
Turkish President Erdogan welcomes Tanzanian President Hassan with official ceremony
yenisafak.com/en/news/turkish-president-erdogan-welcomes-tanzanian-president-hassan-with-official-ceremony-3681607
Paid articlePaid
Few in new poll say Biden law has helped fight climate change: Very few Americans believe the Inflation Reduction Act (IRA), signed into law by President Biden ...
trib.al/XuRnSYN
Turkish economy chief highlights 'strong, reliable' MTP framework: The medium-term program (MTP) has a 'strong and reliable' framework, Treasury and Finance ...
dailysabah.com/business/economy/turkish-economy-chief-highlights-strong-reliable-mtp-framework
Greek PM scheduled to visit Türkiye amid tension over Cyprus: Greek Prime Minister Kyriakos Mitsotakis announced on Thursday that he will visit the Turkish ...
dailysabah.com/politics/diplomacy/greek-pm-scheduled-to-visit-turkiye-amid-tension-over-cyprus
Türkiye's Samsun Museum displays 545 billion-year-old sea lily fossil: Samsun Museum, covering an area of 15,000 square meters and opened on March 13 ...
dailysabah.com/life/history/turkiyes-samsun-museum-displays-545-billion-year-old-sea-lily-fossil
Exhibit celebrates 250 anniversary of Caspar David Friedrich's landscapes: In Berlin, a significant exhibition showcasing Caspar David Friedrich's timeless ...
dailysabah.com/arts/events/exhibit-celebrates-250-anniversary-of-caspar-david-friedrichs-landscapes
Freedom Flotilla set to leave for Gaza from Istanbul for aid: Activists from around the world gathered in Istanbul on Friday as the Freedom Flotilla ...
dailysabah.com/politics/freedom-flotilla-set-to-leave-for-gaza-from-istanbul-for-aid/news
Social Security cost of living boost in 2025? Early estimate calls for 2.6% increase
freep.com/story/money/personal-finance/susan-tompor/2024/04/18/how-high-could-inflation-drive-social-security-cola-hike-in-2025/73327853007/
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Türkiye's poetic legacy: Spotlight on memorable poets, their works: Since the establishment of National Poetry Month in 1996, April has gained significance in ...
dailysabah.com/arts/turkiyes-poetic-legacy-spotlight-on-memorable-poets-their-works/news
Greece aspires to build extensive air defense shield: Minister: Greece aspires to build an extensive air defense shield against drones and aircraft amid ...
dailysabah.com/business/defense/greece-aspires-to-build-extensive-air-defense-shield-minister
Türkiye calls for restraint amid reported Israel attack on Iran: Amid reports of an Israeli attack targeting Iran, Türkiye on Friday called on all parties to ...
dailysabah.com/politics/diplomacy/turkiye-calls-for-restraint-amid-reported-israel-attack-on-iran
Olympiacos In The "4" Of The Conference League, Tzolakis A Hero In Turkey!
greekcitytimes.com/2024/04/19/olympiacos-in-the-4-of-the-conference-league-tzolakis-a-hero-in-turkey/
German president to enjoy 60 kg of Berlin döner kebab in Türkiye visit: A substantial 60 kilograms (133 pounds) of döner kebab is set to be transported from ...
dailysabah.com/life/german-president-to-enjoy-60-kg-of-berlin-doner-kebab-in-turkiye-visit/news
Turkish 1st ever women's mounted archery team to debut in Russia: Türkiye's traditional mounted archery women's national team will make its ...
dailysabah.com/sports/turkish-1st-ever-womens-mounted-archery-team-to-debut-in-russia/news
CHP head Özel criticizes Turkish electoral authority for dismissing Hatay objection
duvarenglish.com/chp-head-ozel-criticizes-turkish-electoral-authority-for-dismissing-hatay-objection-news-64212
Türkiye calls for restraint on all sides as Israel-Iran tensions rise: Tensions 'initially caused by Israel's illegal attack on the Iranian Embassy in Damascus ...
yenisafak.com/en/news/turkiye-calls-for-restraint-on-all-sides-as-israel-iran-tensions-rise-3681670
Paid articlePaid
If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...
smh.com.au/politics/federal/if-the-reserve-bank-were-a-football-coach-it-would-have-been-sacked-eons-ago-20240418-p5fkv9.html
Türkiye forges ahead with diplomacy and aid for Palestine: Under the leadership of President Erdoğan, Türkiye rallies the global community to end the plight of ...
dailysabah.com/politics/diplomacy/turkiye-forges-ahead-with-diplomacy-and-aid-for-palestine
Should you wait for interest rate cuts to buy a house?: Once interest rates fall, property prices would likely go up, but buyers could borrow more money ...
smh.com.au/property/news/should-you-wait-for-interest-rate-cuts-to-buy-a-house-20240418-p5fkv8.html
Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...
markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4
Turkish first lady hails 'Evidence' documentary as 'crucial historical document' of Israeli war crimes
yenisafak.com/en/news/turkish-first-lady-hails-evidence-documentary-as-crucial-historical-document-of-israeli-war-crimes-3681540
Turkish president calls for unified Western response against Israel's actions in Gaza
yenisafak.com/en/news/turkish-president-calls-for-unified-western-response-against-israels-actions-in-gaza-3681619
Paid articlePaid Greece goes ahead with marine park project despite Turkish objection: Greece will be able to build two new major marine parks announced earlier in the Aegean Sea ...
dailysabah.com/politics/greece-goes-ahead-with-marine-park-project-despite-turkish-objection/news
The truth comes out: US is paying dearly for outperformance : The United States is floating on a giant pumped-up air mattress of excess federal spending and no ...
thehill.com/opinion/finance/4602451-the-truth-comes-out-us-is-paying-dearly-for-outperformance/
Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html
Turkish combat drones help Mali control its land: Minister: Türkiye, Mali agree to focus on mutual investments, infrastructure projects to enhance bilateral ...
yenisafak.com/en/news/turkish-combat-drones-help-mali-control-its-land-minister-3681612
Paid articlePaid All about Türkiye’s marinas along the southern coast: With the country’s extensive coastline, it’s no surprise that Türkiye has a number of impressive marinas ...
dailysabah.com/life/travel/all-about-turkiyes-marinas-along-the-southern-coast
Erdogan hints at potential visit to northern Iraq's Erbil after talks in Baghdad: Recep Tayyip Erdogan says Ankara, Baghdad are working together to solve water ...
yenisafak.com/en/news/erdogan-hints-at-potential-visit-to-northern-iraqs-erbil-after-talks-in-baghdad-3681447
Paid articlePaid
How much money do you need to retire? Most Americans calculate $1.8 million, survey says.
usatoday.com/story/money/personalfinance/2023/08/02/how-much-money-americans-need-for-retirement/70507274007/
Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran: Oil and gold prices rose and Japan's yen rallied on Friday on reports Israeli missiles ...
reuters.com/markets/view-oil-japans-yen-up-reports-israeli-missiles-hit-iran-2024-04-19/
Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike
nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/
'It's important for EU, Netherlands to maintain good relations with Türkiye,' says Dutch premier
yenisafak.com/en/news/its-important-for-eu-netherlands-to-maintain-good-relations-with-turkiye-says-dutch-premier-3681556
Paid articlePaid Türkiye, Pakistan discuss defense cooperation: Turkish Chief of General Staff Gen. Metin Gurak meets top Pakistani military officials in Rawalpindi
yenisafak.com/en/news/turkiye-pakistan-discuss-defense-cooperation-3681593
Paid articlePaid Turkish govt to tackle climate change with new law: With climate change challenging the country, the government readies a new law to reduce the fallout
dailysabah.com/turkiye/turkish-govt-to-tackle-climate-change-with-new-law/news
By killing 14,000 innocent children in Gaza, Israel has outdone Hitler, says Turkish president
yenisafak.com/en/news/by-killing-14000-innocent-children-in-gaza-israel-has-outdone-hitler-says-turkish-president-3681481
Paid articlePaid Türkiye posts smaller-than-expected $3.27B current account deficit: Türkiye registered a smaller-than-expected current account deficit in February ...
dailysabah.com/business/economy/turkiye-posts-smaller-than-expected-327b-current-account-deficit
Argentine students, teachers protest Milei's budget cuts drive: Argentina's public universities and students held protests against sharp budget cuts by the ...
dailysabah.com/business/economy/argentine-students-teachers-protest-mileis-budget-cuts-drive
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
Türkiye's BIST 100 index closes Tuesday on low note: Benchmark index declines 131.71 points from previous close
yenisafak.com/en/news/turkiyes-bist-100-index-closes-tuesday-on-low-note-3681425
Paid articlePaid Heineken Ireland is latest to hike price of pint from June: Heineken Ireland has announced that the price of its draught products will increase from June 4.
independent.ie/business/irish/heineken-ireland-is-latest-to-hike-price-of-pint-from-june/a1053458282.html
Why is the economy so strong? New hires are spending more and upgrading their lifestyles
usatoday.com/story/money/2024/04/18/strong-job-growth-bolsters-spending/73351285007/
Turgut Özal, Türkiye’s eighth president, remembered: Senior officials, his family, supporters and politicians paid tribute on Wednesday to Turgut Özal ...
dailysabah.com/politics/turgut-ozal-turkiyes-eighth-president-remembered/news
Türkiye sends 9th aid ship to Gaza, consolidating role as top relief supplier: Erdogan
yenisafak.com/en/news/turkiye-sends-9th-aid-ship-to-gaza-consolidating-role-as-top-relief-supplier-erdogan-3681437
Paid articlePaid Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics