The GDP at current prices increased 84.4 percent to reach 4.63 trillion Turkish liras. / Photo: Reuters Archive
Following re-election in May, Turkish President Recep Tayyip Erdogan brought in Mehmet Simsek as the new Finance and Treasury Minister and seasoned banker Hafize Gaye Erkan as the Governor of Türkiye's Central Bank. “While inflation in the world has been declining, it remains well above the long-term averages. As a result, central banks across the globe continue to take measures to reduce inflation.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Norway's central bank lifts interest rates 50 basis points, sees another hike in AugustNorges Bank lifted its policy rate to 3.75% on Thursday, as core inflation hit a record of 6.7% in May.
Source: MarketWatch - 🏆 3. / 97 Read more »
Swiss central bank raises rates again, signals may need to do moreThe Swiss National Bank raised its policy interest rate by 25 basis points on Thursday as the central bank pressed ahead with its campaign to dampen stubborn inflation and left the door open for more tightening.
Source: Reuters - 🏆 2. / 97 Read more »
Turkish Central Bank Jacks Up Interest Rates in Reversal for ErdoganTurkey’s central bank raised interest rates to 15%, the first increase since 2021 and part of a policy correction by the country’s new economic leaders.
Source: WSJ - 🏆 98. / 63 Read more »