Inflation
Turkish inflation rises to 15.85 pct in July
The annual inflation in Turkey surged to 15.85 in July, according to official data released on Aug. 3.
- Read more about Turkish inflation rises to 15.85 pct in July
- Log in to post comments
High inflation, interest rates hurt businesses: Top business body
A number of problems have been hindering businesses to raise their competitiveness and to take new investment decisions in Turkey, including a weaker Turkish Lira, rising inflation rates and high interest rates, the head of the country's to business association has said.
Turkish Central Bank sharply increases inflation forecest
Turkey's Central Bank sharply raised its 2018 inflation forecast to 13.4 percent from 8.4 percent previously, governor Murat Çetinkaya said on July 31.
Financial system "more resilient to foreign influence"
this is primarily thanks to a reduced share of public debt in Serbia's Gross Domestic Product (GDP), as well as the more frequent use of the dinar in transactions, Beta agency is reporting.
Production Prices are Jumping 6.8% in a Matter of Just One Year
The National Statistical Institute reports a robust rise in producer prices in June this year compared to the same month of 2017. The total producer price index in June increased by 6.8% on an annual basis, which is a prerequisite for accelerating consumer inflation in Bulgaria.
Funds reluctant to take the risk
The government's objective of returning to capital markets is becoming increasingly distant, following the official decision by the president of the European Central Bank, Mario Draghi, to rule out Greece's entry into the ECB's quantitative easing (QE) program.
- Read more about Funds reluctant to take the risk
- Log in to post comments
Venezuela to remove five zeroes from ailing currency
Venezuela will remove five zeroes from the bolivar currency rather than the three zeroes originally planned, President Nicolas Maduro said on July 25, in an effort to keep up with inflation projected to reach 1 million percent this year.
Turkey's government vows to cut public spending
The Turkish government has focused on cutting public spending, Treasury and Finance Minister Berat Albayrak has announced, adding that the new economic program would establish a framework to reduce inflation.
- Read more about Turkey's government vows to cut public spending
- Log in to post comments
Turkey's Central Bank leaves policy rate unchanged, lira falls
The Turkish Central Bank has decided to keep the one-week repo rate -- policy rate -- constant at 17.75 percent, bucking expectations of an increase after inflation spiked to a 14-year high in June.
Venezuela may see 1 mln percent inflation by year-end, IMF warns
Amid the financial and humanitarian crisis in Venezuela, the country is expected to see hyperinflation reach epic proportions: a million percent a year by the end of 2018, the International Monetary Fund said on July 23.