Inflation

In real terms, adjusted to inflation, rent and home prices declined in February compared to January across Türkiye and the country's three largest cities, according to a report from Istanbul-based Bahçeşehir University's Economic and Social Research Center (BETAM).

European Central Bank policymaker Yannis Stournaras said on Tuesday that consensus was building within the European Central Bank for a rate cut in June, if inflation develops as projected.

BELGRADE - According to a February Ipsos survey, one-year ahead inflation expectations of the Serbian financial sector measured 4.2 pct, down from 4.5 pct anticipated in January, the National Bank of Serbia (NBS) says.

The same level of expectations - 4.2 pct - was also recorded in a February Bloomberg survey, the central bank said in a statement.

Mobile users will now have the right to cancel their contracts with mobile operators without incurring any penalties if inflation indexation is announced.

The economic program will continue to be implemented with determination after the local elections, Vice President Cevdet Yılmaz has said, dismissing speculations that the government may change course on economic policies after the polls.

Türkiye's Central Bank has decided to opt for lifting the key policy rate, increasing the one-week repo auction rate from 45 percent to 50 percent.

Most economists had expected the Central Bank, which held the policy rate steady last month after eight straight increases, to keep the rate unchanged at the Monetary Policy Committee (MPC) meeting on March 21.

Inflation in Türkiye was higher than expected in January and February due to various reasons, but will gradually lose momentum in March, according to Vice President Cevdet Yılmaz.

"In no other country in the world would this kind of tolerance pass" he said for students who repeatedly break the law - He called on the rectorate authorities to assume their responsibilities - First priority is the battle with price inflations

Japan's central bank on March 19 scrapped its negative interest rate as it finally began unwinding one of the world's most aggressive monetary easing programs.

The maverick policy dating back to 2013 was aimed at jump-starting economic growth and inflation after the country's "lost decades" of stagnant activity and prices in the world's number four economy.

In February 2024, the euro area witnessed a decline in its annual inflation rate, dropping to 2.6% from January's 2.8%. This shift marks a substantial decrease compared to the previous year's rate, which stood at a notable 8.5%.