Turkey's Central Bank on Sept. 23 lowered its one-week repo rate - also known as the policy rate - by 100 basis points to 18 percent.
The Monetary Policy Committee at its ninth meeting this year evaluated core inflation and supply shocks which can be affected by monetary policy, and decided to revise the bank's monetary policy stance.
The government is preparing a package of urgent economic measures due to inflation and the jump in electricity and petrol prices.
This was stated by the caretaker Prime Minister Stefan Yanev during his visit to Veliko Tarnovo. He specified that the measures will be announced by the end of this week or by the beginning of next.
С The leapin prices in Bulgaria is already noticeable with a naked eye, and the Confedertion of Independent Trsde Uniond in Bulgaria (CIYUB) predicts that the increase in electricity costs will exceed the the parameters of the socially bearable price. This is expected to affect the businesses as well as all other products.
Fitch Ratings has revised up Turkey's 2021 economic growth forecast to 9.2%, according to the rating agency's Global Economic Outlook for September, released on Sept. 16.
The new figure is a massive upward revision from the agency's previous upgrade made on Aug. 13 when it revised up Turkey's growth forecast to 7.9%, from 6.3%.
Prime Minister Florin Citu has expressed his trust, on Friday, that the National Bank of Romania (BNR) will intervene in order to "temper the inflation dynamics", after the inflation rate was 5.3% in August .