-- Turkey extended an interest-rate pause in place since April, with the central bank on alert for risks to inflation that just peaked above 75%.FedEx Stokes Investors With Hint of a Freight Deal
Rate cuts will probably remain off the table through much of the year as Turkish policymakers engineer a slowdown in the economy to lower one of the world’s highest levels of inflation. An aggressive cycle of monetary tightening that began a year ago is only now starting to cool off growth, in part because more restrictive financial conditions were out of sync with the generous fiscal measures such as sharp wage hikes enacted by the government.
A key risk to the central bank’s outlook is how the government handles the blowback from tighter policies on companies and households. The main opposition party has been calling for a mid-year increase to the minimum wage next month, an adjustment made by the government in recent years to compensate for inflation.
“Recent indicators confirm that domestic demand, albeit still at inflationary levels, continues to slow down,” the central bank said on Thursday. Social media users spotted the far-right Republican's hypocrisy as she argued to reduce a top official's salary to $1 over DEI directives.Holding high-yield dividend stocks such as Enbridge in an RRSP can help Canadian investors build long-term wealth. The post Why I Can’t Stop Buying Shares of This Magnificent High-Yield Stock in My RRSP appeared first on The Motley Fool Canada.
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